18 Best Solar Companies in Wichita Falls, TX (Jul 2022 Review)

The Cost and Benefits of Solar in Wichita Falls

Even though solar panels can save you a good amount of money on energy bills over time, it's important to consider the startup costs. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Electricity consumption: The average home in Wichita Falls uses a lot of energy, and as a result may see more savings on electricity bills than other places.
• Incentives: Tax-paying citizens who buy and install a solar energy system this year can save 26% of their solar installation costs by using the federal solar investment tax credit. You can also save about $20,000 on your utility bills over 20 years excluding incentives.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Where your home is: This influences how much sunlight your roof receives, which helps determine how many panels you need.

So is a solar panel system worth it? Whether you hope to decrease your electric bills, carbon emissions or both, solar panels are a worthwhile investment for many Wichita Falls homeowners.

Solar Incentives in Wichita Falls

If you're thinking about switching to solar energy, a number of government incentives and state programs can dramatically bring down the installation costs and expedite the return on your investment. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 26% of your project costs when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that stack with the ITC too. Check out the table below to see what incentives are available to you.

Environmental Impact of Switching to Solar in Wichita Falls

Installing solar panels is a powerful way to do your part for a more eco-friendly future. But you may be curious — how much exactly can you help the planet by going solar? Everyone can help the environment by switching to solar energy, but homes that use a lot of energy will have a greater impact. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good trade for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 80 pounds each year. As you can see, trading traditional energy for solar has so many other benefits besides saving money. One of the primary ones is that you can help save the environment too.