Are You Shifting To Solar Energy?
The United States’ solar capacity continues to increase as the solar industry continues to boom. In data, California and Texas caters to the most solar panel installations as of the first quarter of 2021.
Before you jump to solar energy, you must learn what you’re getting in return. Fortunately, our guide will list the reasons Texas solar panels are worth your money. Read on and learn more:
1. Texas Enjoys Pure Sun Exposure
Texas has an average of 234 sunny days per year. It’s around 29 days more than the national average. Even if you live in the cooler northern regions, a solar energy system remains a wise investment.
The United States has an average of 3 to 5 hours of peak sun exposure per day. Meanwhile, the peak sun exposure of Texan cities and counties ranges from 5 to 8 hours.
For instance, Houston gets 5.9 hours of sun exposure per day while Austin gets 6.7 hours. Thus, Texas solar panels are worth your money since the region’s climate can meet your energy demands.
2. Texas Solar Panels Increase House Value
Like other home improvements, installing solar panels will increase your property value. If you own a median-valued house, your home value can rise by as high as 4.1%. If you sell your house, you’ll get at least $9,274 more.
3. Federal Tax Credit Policy
In the United States, homeowners investing in solar panel systems get a 26% credit on their federal tax. It’s only when you install a solar energy system between 2020 and 2022.
The 26% tax credit will drop to 22% by 2023. Instead of saving at least $5,000 for a $17,000 to $20,000 solar system, you’ll only reap around $4,000.
If you’re looking to go green, visit blueravensolar.com/texas/plano/ before the end of 2022. Get a free quote and start your transition toward sustainable energy.
4. Texas Local Tax Exemption Policy
Aside from the federal tax policy, Texas has local laws granting tax exemption to homeowners with solar systems. When you install solar panels of any type, you won’t pay for sales tax. It’s equivalent to at least a 6.25% product discount.
As we mentioned above, solar panels increase your property value. It also means higher property taxes. However, properties with solar panels in Texas won’t pay for their increased property value.
For instance, you own a house with solar panels now worth $208,500. If the property tax on Texas is 1.83%, you’ll save at least $155 per year due to the exemptions.
5. Going Solar Is Cheaper than Ever
The cost of solar panels continues to drop as demand for solar energy increases. In reality, solar panel systems now cost around $13,500 to $17,000 after deducting federal tax credit.
You’ll also need fewer solar panels because of the climate. Your initial investment can further decrease, making it more affordable.
Invest And Reap The Benefits Of Solar Panels Today
Now you know the benefits, take advantage of the Texan geographic location and climate and contact a solar company. Install Texas solar panels and reap their benefits soon.
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