17 Best Solar Companies in Woodway, TX (Mar 2023 Review)

The Cost and Benefits of Solar in Woodway

The cost of putting up solar panels has decreased greatly in the past several years, but it's still a large investment for most homeowners. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Your home's orientation toward the sun: This, along with your roof configuration, affects affect how much energy your solar panels can produce.
• Energy consumption: Solar may be a high-cost option for homes that don't need a good amount of energy per month.
• Choice of solar panels: The kind of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive 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.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $16,000 over the first 20 years with your solar system, too.

Even though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, like the kind of solar panels you get and incentives.

Solar Incentives in Woodway

Although a solar power system is typically a large investment, it can save you a considerable amount of money over time because of smaller energy bills and government incentives. Local solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for solar power systems, in addition to the federal solar tax credit. For detailed information about incentives for homeowners in Woodway, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Woodway

Installing solar panels is a good way to do what you can for a greener future. You may be wondering — how much does making the switch do for the environment anyway? In a city like Woodway where energy use is particularly high, installing solar panels is a great plan for those who care about the planet. Even though solar panel production releases carbon dioxide emissions, the panels make up for it by significantly reducing the amount of CO2 you would have produced if you still used traditional energy. In Woodway, you can reduce your carbon footprint by 80 pounds a year with solar panels. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.