18 Best Solar Companies in Southlake, TX (Sep 2022 Review)

The Cost and Benefits of Solar in Southlake

The cost of putting up solar panels has gone down significantly in the past few years, but it's still a significant investment for most homeowners. Some key things that determine how much it will cost and how much you could save include:

• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and city may also have various incentives that you can benefit from. In addition, you can save about $19,000 over 20 years on your utility bills, before factoring in incentives.
• The model of solar panel system you can afford: This hinges on what your budget is.
• How much sunlight your roof gets: This, plus the configuration of your roof, affects affect how much energy your solar panels can make.
• Electricity consumption: The average home in Southlake uses a lot of energy, and so may see more savings on electricity bills than other places.

Although a solar panel system costs a sizable chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the kind of solar panels you get and incentives.

Solar Incentives in Southlake

Although solar power is typically a large investment, it can save you a lot of money over many years because of lower utility bills and government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. Additionally, there may be some state and city incentives that can save you some extra money too. You can find out about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Southlake

If you're planning on adding solar panels to your home, one of the major reasons why may be to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Southlake, though. If your family uses a lot of energy, you can impact the environment even more by switching to solar energy. After you go solar, your carbon emissions can be cut by about 80 pounds each year. As you can see, trading traditional energy for solar has so many other perks apart from saving money. One of the main ones is that you can help save the environment too.