12 Best Solar Companies in University Park, TX (Jul 2022 Review)

The Cost and Benefits of Solar in University Park

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will first need to pay to install your system. Some significant things that impact how much it will cost and how much you could save include:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 26% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• average energy usage: The more power your household consumes on average and the greater your current power bills are, the more money you could save by making the switch to solar.
• The amount of sunlight your home gets: Due to University Park's very high amount of average daily sunlight, you should be able to save a lot on your energy bills.

There are many wonderful benefits of solar in spite of the upfront cost of installation. It can help the environment and your bank account. Plus, it can increase the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in University Park

Although a solar power system is typically a big investment, it can save you a considerable amount of money over the lifespan of your solar panels due to lower utility bills and government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially stack the ITC with other local rebates and benefits. For more information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in University Park

One of the best reasons to switch to solar energy is to minimize your dependence on traditional energy sources like burning fossil fuels, which are damaging for the environment. But you may be curious — how much exactly can you help the planet by using solar power? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 80 pounds each year. The benefits of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with making the switch to solar.