Solar Energy Mont Belvieu, TX
Are you planning to install solar panels in Mont Belvieu, TX? Contact us today.
Over half a century ago, solar was termed as the energy of the future. Well, the future is here. Solar energy has never been more affordable and accessible. Many countries are choosing to use solar energy, with the top country installing over 208 GW solar capacity.
The total solar energy installed in the US is 88.9 GW. In the next 15 years, the figure will rise to 107 GWdc. Solar is also a preferred source of energy in space exploration. Since Vanguard 1 satellite, the industry has come a long way.
Retail costs of solar have made it easily accessible, leading to an increase in distributed solar installations—the price of solar over the last decade reduced by over 70%. As the industry continues to grow, the world should be ready to see revolutionizing solar innovations.
Are you in the process of choosing a solar panel installation company in Mont Belvieu, TX? At Dynamic Slr, we’ve got your back. We will size, design, and install a solar PV array that is enough to meet your needs. Contact us for a free solar quote.
Solar Energy Incentives in Mont Belvieu, TX
The growth of the solar industry is attributable to attractive incentives and policy implementation. In 1992, the government introduced the production tax credit (PTC). This was a corporate tax covering various renewable energy sources. Though the tax credit was phased out, it paved the way for solar energy use.
Federal Tax Incentive
In 2006, the government introduced the investment tax credit that allowed homeowners and businesses to enjoy a 30% tax credit of the total solar costs. This incentive helped many Americans to switch to solar. As a result, the solar energy industry has grown by an average of 49% annually.
The increased market for solar panels helped companies scale production, thus reducing the retail costs. The percentage decreased to 26% for the last three years in the ongoing phasing out of the incentive. It was also to end this year, but the government pushed the phase-down by two more years.
The ITC calendar is as follows:
- 26% in 2021 to 2022
- 22% in 2023 ending December for commercial installations
- 10% for commercial installations in 2024.
We advise that you start the solar installation process as soon as possible to enjoy the extended percentage. If you need more information regarding the procedure to go solar, you can talk to our solar experts in Mont Belvieu, TX.
100% Renewable Energy Property Tax Exemption
When you install solar panels, your property value increases. Generally, homes with solar increase their value by about 4.1%. Thus, the state introduced the renewable energy property tax exemption to encourage people to install solar PVs. You receive a 100% property tax exemption on the appraised value, which means more money in your pocket if you sell the home.
The Buyback Option
Most states have a mandatory net-metering policy. Though this option is not available in Texas, residents still enjoy the buyback option from utility companies. When your system generates excess energy, the utility company awards you with credit.
As a result, you can use the credit to draw power from the grid when your system’s output reduces. Factors such as cloudy days can lead to reduced energy production. Maintenance and repair can also interfere with production.
To reap the benefits of solar energy, you can connect to the grid or have a sufficient solar storage capacity. Additionally, you need to have an adequate solar PV array. Choosing the best solar installers guarantees this. Our solar professionals will effectively size your system, ensuring you have enough energy for your home.
Solar Rights for Homeowners
Homeowners receive protection against homeowners’ (HOAs) and property owners’ associations (POAs) restricting solar installations. Though there are guidelines that homeowners that live in these areas may need to follow, the bill seeks to prevent an outright ban on solar panel installations.
Solar Costs in Mont Belvieu, TX
Solar costs are $2.8 per watt in Mont, Belvieu, TX. This average costs dramatically reduces when you add the federal tax incentive. A homeowner installing a 6 kW system can pay about $12,432 instead of $16800, thereby saving money. Starting the solar panel installation process today means that you will enjoy a higher credit percentage. You can talk to us and schedule a site visit for evaluation. We’re waiting to hear from you.