18 Best Solar Companies in Southlake, TX (Jan 2023 Review)

The Cost and Benefits of Solar in Southlake

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you must first pay to install your panels. There are a few factors you should take into consideration when trying to determine how much it will cost and how much you can save, such as:

• Your income and budget: This shapes what kind of solar panels you can purchase.
• The amount of sunlight your area gets: Thanks to Southlake's very high amount of average daily sunlight, you should be able to save a lot on your electric bills.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your power bills, which can result in an average of $19,000 of savings over 20 years.
• The cost of electricity in your area: If your local power rates are especially high, there's a better chance you'll see a higher return on your investment in a solar system. In Southlake, you can save an average of $124 a month on your electricity bills.

Though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on a number of factors, such as the kind of solar panels you get and your current power bills.

Solar Incentives in Southlake

Since solar power is more sustainable than fossil fuels, there are some government incentives available to encourage its adoption. On top of the federal solar investment tax credit, there are also some local programs, which in the majority of cases, stack with the federal incentive, so you get to save even more. In our article on solar incentives, you can see the incentives you qualify for in Southlake.

Environmental Impact of Switching to Solar in Southlake

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 solar panels. Something many homeowners might be asking themselves is how much can they really help save the environment by switching to solar power anyway? The more power your household uses, the better off the planet will be from you switching to solar since you won't have to use as much nonrenewable energy. Though making solar panels releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Southlake, you can reduce your carbon footprint by 80 pounds a year with solar panels. If you want to do what you can for the environment, you'll most likely find that there are many benefits of adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.