Why Solar? Why Now? | 5 Reasons You Should Switch to Solar
Nov 6
3 min read
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As the push for sustainable energy solutions grows, homeowners and business owners are increasingly exploring solar power. Texas ranks 4th in the US in average annual sunlight. Therefore, in Texas, particularly in cities like San Antonio and its surrounding areas, there is a fantastic chance to harness solar energy effectively. This move not only helps the environment but can also lead to substantial savings. Here are five compelling reasons to consider switching to solar panels today.
Reduce Your Monthly Electricity Bills
One of the most immediate benefits of switching to solar power is the noticeable reduction in monthly electricity costs. With your own solar panels, you can generate much of your own electricity, which cuts down your reliance on the grid.
Imagine receiving a monthly utility bill that's much lower than what you're used to—or even having a few months with no bill at all. According to a report by NC State University's Clean Energy Technology Center, solar customers in the 50 largest U.S. cities saved an average of $44 to $187 monthly within the first year of installation. These savings vary based on factors like electricity rates and sunlight exposure but highlight the immediate financial benefits of solar adoption. In some cases, these savings add up to thousands of dollars each year. Once your system is paid off, the electricity generated can be essentially free for decades, offering significant long-term savings.
Take Advantage of Government Incentives
Switching to solar panels is not only a smart financial move, but it is also an excellent way to benefit from various government incentives. For instance, the federal solar tax credit, known as the Investment Tax Credit (ITC), allows homeowners to deduct 30% of the installation costs from their federal taxes.
In Texas, additional incentives like property tax exemptions and local rebate programs can further lower your expenses. For example, if you install a solar system worth $20,000, with the 30% tax credit, you could save an additional $6,000 on your tax return, bringing your overall cost down significantly.
Increase Property Value
Homes equipped with solar panels tend to have higher property values compared to similar homes without them. Research from Zillow shows that homes with solar panels typically sell for