Why should you consider going Solar?
Why should you consider going Solar?
Here are a few good reasons you should consider going solar.
- Storm Ready – 100% Power Access if connected to power storage device
- Reduce or eliminate your electricity bill
- Earn significant long-term return on investment
- Stop the rise in energy prices in the future
- Property values increase
- 30% tax credit for qualified expenditures
Other Benefits you should consider
Solar has many other benefits that go beyond its environmental or financial benefits. There are many more advantages to using solar.
Going solar can benefit the local economy by creating local jobs. According to The Solar Foundation’s annual Solar Jobs Census report, more than quarter of a million people work in the solar industry. Additionally, you’re helping create jobs locally by investing in solar.
Average Solar Panel Cost
Texas Solar Group Texas Solar Group, a marketplace provider of solar panels, announced it was in 2018 the median cost for solar panel systems in Texas Solar Groupis $2.72 for a watt. Based on data from all over the country, a average U.S. system is 5 Kilowatts (5000 power units). Prior to rebates and incentives, a five Kilowatt solar array in Las Vegas would cost $13,600. One reason to consider such a system is one called a “power wall”, which can store more than 13.500 Kilowatts. Power wall prices start at $7,000. The installation is part of the price. This includes installation. There is a reward for tax-free.
What factors impact the price of solar panels?
Much is involved in the cost that a solar installer will charge you. Solar panels are a unique product. The price you pay for them will depend on the specific circumstances of your situation as well as other aspects like how much electricity you use and the size of your property. These are the major factors that will impact the price of solar panels on your property.
- System size: The larger your solar panel system bigger, the more expensive it will cost. The cost per unit average for solar drops increases with the size of the system.
- Location: Prices vary by state due to local quoting trends aswell as system size differences. States with a larger system size will naturally have lower average solar costs.
- The quality and brand of the panel: Like any other appliance or product, solar panels can come in a variety of qualities. It is based on the model and the brand.
- The type of panel you choose directly impacts the quality of your installation. It’s usually monocrystalline, polycrystalline or thin-film. Quality equals more expensive prices.
- Roof characteristics: A solar panel installation costs more than the installation itself. The difficulty of installation will be charged by your solar installer. A more complex roof could raise the price of your system.
- Labor: Each solar company offers a different rate of labor to complete their job. You can opt to pay more for select a firm with better reviews and a quicker installation time.
- Interconnection and permits. While they are not the most important element, the cost of permits and interconnection fees will increase the total price of your solar installation.
Net Metering
Net energy metering is a high electricity program wherein your electric company is required to purchase the excess solar energy generated by your solar panels at full electricity prices.
If your solar system produces more power than your home needs, it transmits the excess energy back to grid. Your utility then pays you for it. Solar panels on rooftops are a great option to save money using net metering. The best locations to put solar panels up are not those that get the most sunlight. The states with the highest net-metering standards.
Texas Solar Group offers net metering. It is a key element in the economics of solar and its profitability. Net metering is an essential benefit for homeowners with an installed solar system. This will allow homeowners to earn credits on their electricity bill by sending their solar energy back to them.
Solar Panel Sizing
The calculation of how many kilowatts will need and the best size system size for your home is essential. Texas Solar Group will give you details on your power consumption for the past twelve months. If you are planning to purchase an electric car it is essential that your system can handle the greater energy demands.
Save big with solar rebates and incentives
When you think about solar installations the most important considerations are often the long-term return of investment and savings. These numbers can be staggering. Solar panels are a cost-effective investment. Solar panels are one of the best investment options. They can yield returns similar to traditional investments such as bonds and stocks. An average American homeowner will be able to pay off solar panels within 7 to 8, and receive 20 percent return from their investments. Research has shown that the value of property can rise as much as 20 percent.
Generator Vs. Solar
A home located in Texas Solar Groupthat is 6,000 square feet has the average electric bills for a month of $500. 500 dollars per month for a home located in Texas Solar Groupwith a total area of 6,000 sq. It would need a 36 Kw BU power generator, which costs $30,000, to keep the house functional in the event of an outage. There would also be 10-years of operating expenses totaling $6,000. The cost of the generator would amount to $42,448.25, which includes operating and financing costs as well as. If you finance the generator for a period of 10 years and the interest rate is 4%, the cost would be $42,448.25. In addition, you will need to pay approximately $60,000 for electricity over the same time period. This means that you would spend $10,244.83 per year. A 25Kw solar system could make your home completely energy-independent. Four storage walls for power enable it to be power independent during power failure. $68,000 is the cost of the 25kw system. A 25Kw power system is priced at $68,000. Add $7,000 to four power storage walls. The total cost is $96,000. After including the 30% tax credit, the total cost to install the solar panels will be $67,200. If you finance your solar system with rebates over a 10-year period with a 4% interest rate that would be $81,644.08. Annually, the cost for the system will be $8,164.44. Going solar would lead to $2,080.90 per year savings which may be put to use to pay for the system. This can be paid back in just 8 years.
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