Solar Panel Incentive For The Lonestar State

If you live throughout the United States, and you are looking to go solar, you will see many various prices and incentives offered.  These differences can range vastly between the glorious states of our nation.  However, if you are a person who calls Texas home, then we have news for you.  Generally speaking, there are more incentives to install a rooftop solar system in Texas than in almost all of the other U.S. states.

Statewide incentives in coordination with the plentiful Texan size sunshine beaming all year round, it’s easy to realize that Texas ranks as one of the best 10 states of the nation for domestic solar power usage.

Solar Federal Investment Tax Credit 

If you get a solar energy system in the great state of Texas before the close of 2019, you will be pre-qualified for a governmental investment tax credit of 30%. Traditional home solar installation prices are hovering at around approximately $15,000. This price implies you can qualify for a tax credit of $4,500, making the net cost of the system to you only $10,500.

When its tax time, you can obtain the benefits of credits created for solar users.  Take a peek at your choices.  Let's say you don’t owe $4,500 in federal taxes, then the unused portion of the credit can be transferred over to following tax years. It is very cool that the federal credit on your solar panel system will break even in approximately 9 years or less. Later, it will provide free electricity for the entire period of its useful life.  In many cases solar panels typically 25 years.

Net Metering

Now, there is something really cool in the world of solar panel energy production.  It's called net metering. By using net metering, your solar system can supply energy back into the grid.  This schema can produce a significant incentive globally and locally approaching a favorable public view of solar energy.   Following using this metering system,  the energy company can then resell your solar energy produced to other customers, it often pays a set price per kilowatt hour for it.

Discounts By State

Numerous power utility creators in the Texas state offer meaningful discounts to their customers who seek to have solar placed on the rooftops everywhere.  Consumers who install rooftop solar devices gain rebates ranging from 50 cents per watt up to $1.20 per watt. Since the conventional rooftop system is about 6,000 watts, those proceeds from deductions can reduce the price of a system by within $3,000 and $7,200.

Property Tax Exemption For Solar Installations

Solar systems and using the discounts can add value to your home. Normally, that enhanced value would produce your property taxes to increase. However, Texas law forbids local authorities to tax the cost of a domestic solar system. That suggests you can make your home worth more by not spending more property taxes.

Solar Legislation
When solar panels first gained notice and began to be installed, there was some pushback to solar installations.  Commonly homeowner associations for homes enacted ordinances preventing them from the homes in the community. Texas has embraced a solar rights law that makes it unlawful to block home organizations from prohibiting the installation of solar systems.

If you want to find out what solar panels are right for you in the state of Texas, go to HahaSmart.com and try our price checker tool. You can see how much you can save over the next 20 years by going solar, and we can help find local solar installers who can help.

For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles.