Austin Solar Energy Incentives
Austin is a great spot to go solar. Austin Solar Energy is a great investment because of the incentive solar programs, value, and the state’s high electricity consumption. The 26% federal tax credit is the most important incentive for solar panel installation in Austin. The solar tax credits will drop to 22% by 2020. The best time to go to solar in Austin is now to maximize your savings potential.
The 26% Federal Solar Tax Credit Explained
The federal solar tax credit equals 26% of the total cost to install solar panels on your house. The federal tax credit amount is deducted from your federal taxes. If your tax debt is less than the amount of the tax credit, you can still claim the credit for several years. Federal income taxes are required to be eligible for the federal tax credit.
Remember that the federal solar tax credit will be decreasing at the end of 2022. It will drop from 26% to 22% of the costs. The best time to go green is now so that you can get the most out of your solar savings.
Do Solar Panels Increase Home Value?
Installing solar panels can help you save significant amounts on your monthly electricity bills. Yet, do solar panels increase home value? The US Department of Energy (US Department of Energy), and the National Renewable Energy Laboratory state that a solar panel system can increase your property’s value and help you sell it faster. Solar panels can increase the value of your home by $20 for every $1 you save on your electricity bills. Solar panels can also save money in other ways.
This question is dependent on how much electricity you use. The more you use electricity, the greater the savings from solar. Texas’ average monthly electricity consumption is 1,156 kWh. You are likely to use more because this average includes small apartments or condos.
How Much Would I Save?
Our Austin solar energy savings calculations convert your monthly electricity bill into the amount of electricity you use. ESD will calculate how many solar panels are needed to offset your monthly power bill, what a solar system costs based on the prices of local solar companies, and how much money you’ll save on your electricity bill.
Is Austin Solar Energy Worth It?
In the last ten year, solar panels have seen their prices drop by more than 80%. They will continue to be subsidized by the 26% federal credit and net metering law in 2022, making them an excellent investment. They provide a higher return than the average long-term return from the property and the share market.
Another way to approach this question is to calculate the cost per kWh of electricity you will consume over the next 25-years with or without solar panels. The savings can be significant, as you will see. Although you must ensure that your installation of Texas solar panels is in compliance with your HOA’s home improvements guidelines. HOA cannot deny the right to install a solar system in your home.
Go Solar With ESD Solar
ESD Solar can help you reap the benefits of installing solar panels during an exterior home remodeling. Solar energy is our specialty and we will help you choose the best option for your solar panel installation in Austin Texas.
Call us today for more information about solar panels in Pinellas and the reasons why they should be installed. We can help you determine if solar panels are right for your home and how to incorporate them into your roof design. ESD Solar Company can provide the best solar panels for your home, in Florida, Texas, and Colorado.