15 Best Solar Companies in Shady Hollow, TX (Feb 2023 Review)

The Cost and Benefits of Solar in Shady Hollow

The cost of installing a solar panel system has gone down immensely over the past few years, but it's still a significant investment for most homeowners. The overall price and potential savings vary depending on some key factors such as:

• The amount of sunlight your roof gets: This, along with the configuration of your roof, affects affect how much electricity your solar panels can make.
• Your home's power bills: Based on the fairly high monthly power bills in Shady Hollow, you could save about $1,400 a year with solar.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• Your income and budget: This affects what type of solar panels you can purchase.

Although a solar panel system costs a sizable chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, such as the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Shady Hollow

Although installing solar panels is typically a big investment, it can save you a substantial amount of money over several years due to smaller utility bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially pair the ITC with other state and city rebates and benefits. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Shady Hollow

A lot of people want to do what they can to help protect the environment, which in many cases is the main reason they're interested in installing a solar system. You may be wondering — how much does making the switch do for the environment anyway? No matter where you are, you can help the planet by switching to solar energy, but homes that use lots of energy will have a greater impact. Since solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good substitute for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 80 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.