Solar Energy Oak Ridge North, TX
Do you want to install solar panels in Oak Ridge North, TX? Contact Dynamic for a seamless transition.
About 173,000 solar energy terawatts hit the earth’s surface at any moment. Such energy is 10,000 times more than the entire world’s power needs. The invention of silicon photovoltaic cells by Bell Laboratories ushered in a new era in solar energy use.
From powering space exploration to keeping our homes comfortable, solar energy offers the solution to the world’s energy problem. Not only is solar clean but also free and available in every part of the world. Notably, solar panels do not need direct sunlight to generate electricity.
As solar technology advances, the solar panels’ conversion rate will keep increasing, making it possible to harness more energy. If you are looking for the best solar panel installation company, we’ve got you covered. At Dynamic Slr, we offer quality solar products and services. You can reach out to us and send us your electricity bill for a free solar quote.
Saving Money with Solar in Oak Ridge North, TX
The primary benefit of switching to solar is the ability to save money. When you install solar panels on your property, you get rid of the electricity bill and enjoy the free solar energy. You can save over $30,000 when you install a system with a 30-year warranty.
Are you wondering how that is possible? We will look at a few easy calculations. First, let’s talk about the federal investment tax credit you receive when you install solar panels. Currently, you gain a 26% tax credit on the total solar installation cost. This percentage dramatically reduces the installation cost.
Solar Costs Calculations
Solar costs are about $2.8 per watt in Oak Ridge North, TX for residential installations. That price might be lower for commercial premises due to the solar project’s size. An average home in this area can use a 6 kW system. The cost for such a system is about $16,800 without the ITC incentive. When you deduct the subsidy, the price reduces to $12,432.
Total Solar Costs: 2.8 × 6000 = 16800
ITC calculation: 26% × 16800 = 4,368
Net Cost ( Solar cost – ITC): 16800 – 4368 = 12,432
Savings Calculations
When you install solar panels, you remove the electricity bill from the budget. Most homeowners allocate the $1,500 electricity annual bill to pay for the solar PV system. As a result, you can pay up the system within 8-9 years. Once the system is repaid, you continue to enjoy free electricity for the solar panels’ entire lifetime. However, within the first 30 years of the PV system, you can save more than $30,000.
Repayment Duration: 12,432 ÷ 1500 = 8.3
Warranty period 30 – 8.3 = 21.7
Total Saving: 21.7 × 1500 = 32,550
Saving such an amount means more money in your pocket. For business owners, going solar comes with increased profits. Additionally, the stable solar energy cushions you from traditional electricity price volatility. You can take advantage of the extended ITC period and install solar panels. Talk to our solar experts in Oak Ridge North, TX, for more information.
Solar Energy Impact on the Environment
According to Project Sunroof data explorer, Oak Ridge North, TX offers an excellent opportunity to impact the environment with over 80% solar viable roofs. If solar panels covered the entire space, the city would void about 15.1K metric tons of carbon dioxide emissions. This is equal to removing 3.2K passenger cars from the road for a year or growing 387K tree seedlings for 10 years.
Why does this matter? Well, the world is facing the devastating effects of climate change. We can feel these effects in many parts of the world. Most states warmed by about 1.5 degrees by 2016. Closer home, Texas, is expected to be hit harder by climate change effects.
Due to climate change, global temperatures will soar affecting farming, increasing wildfires, and urban flooding. Additionally, hurricanes will persist through 2036. Such problems devastate lives and livelihoods. Warmer weather also puts a strain on the electric grid, which can cause outages. The distribution lines are also greatly affected during record-breaking storms.
When people switch to solar, they help reduce greenhouse gas emissions. Studies show that an average home reduces about 100 tons of carbon dioxide emissions within 30 years of using PVs. Installing solar panels puts you at the forefront of conserving the environment for future generations.
The dual benefit of solar energy makes it an ideal investment. Our solar panel installers in Oak Ridge North, TX, are ready to take you through the process. Save money while saving the planet by calling us today.
