Solar Energy Southside Place, TX
Are you looking for a reliable solar panel installation company in Southside Place, TX? We've got your back.
Solar energy offers a pathway to collaborate with nature when it comes to generating electricity. Burning fossil fuels to generate electricity is no longer sustainable for the planet. Over the last few decades, we can feel the effects of global warming in every part of the world.
However, as the world switches to sustainable ways of generating electricity, there is hope of reversing climate change. With over 90% of solar-viable roofs in Southside Place, TX, the city can help void over 6.1K metric tons of carbon dioxide emissions. This is equal to taking 1.3K passenger cars on the road for a year or growing 157K tree seedlings for 10 years (Project Sunroof data explorer).
Do you want the best solar panel installers in Southside Place, TX? Dynamic Slr is your company of choice. Our team is reliable and highly dependable in the provision of quality solar panels and seamless installation services. You can send us your electricity bill and receive a free solar quote to get you started on helping save the planet.
Solar Incentives in Southside Place, TX
The world should shift to clean and sustainable energy. Though hydro-power is clean energy, it also puts a strain on the water resources. To harness wind energy, you would need large tracts of land and turbines.
However, solar energy can be installed in areas with limited land space and requires less equipment. With this in mind, the federal and state governments worked together by introducing incentives to encourage solar panel installation.
Federal Tax Incentive
On average, the solar energy industry has grown by 49% annually over the last decade. This remarkable growth is primarily due to the federal government’s investment tax credit. The government introduced the incentive in 2006.
During the first few years of its introduction, residential, commercial, and utility-scale solar projects received 30% of the total installation cost as a tax credit. This incentive helped to reduce the cost dramatically. Did you know the cost of solar has declined by over 70% in the last decade?
Encouraging solar energy adoption helped the industry to grow, which led to a drop in installation costs. When the government introduced ITC, they put in place a phase-down calendar. It was expected to reduce to 22% this year, subsequently ending in December for residential installation.
Commercial installations would have continued to enjoy a 10% incentive next year. However, due to the pandemic’s effects on most industries, the government extended the phase-down period by two more years.
Currently, home and business owners enjoy a 26% incentive when they install solar panels. 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.
Home and business owners can enjoy the extended period and high incentive percentage. We offer the best solar panel installation services. Additionally, we help modernize your home by providing the best solar PV design.
Solar Buyback Option
Though Texas does not have a mandatory net-metering policy, you can benefit from utility companies’ buyback option. This option allows home and business owners connected to the grid to receive credit when their system generates excess energy. As a result, homeowners can use the credit when the system’s output reduces. Cloudy days and repairs can affect PV production.
Renewable Energy Property Tax Exemption
Installing solar panels on your property has a direct effect on the value of your property. Homes with solar energy enjoy an increase in their property’s value by about 4%. This increased value can mean additional property tax.
However, the state introduced the renewable energy property tax exemption. It allows homeowners who install solar to receive 100% property tax exemption on the appraised property value. It also means more money in your pocket should you decide to sell the house.
Solar Rights for Homeowners
To protect homeowners who chose solar energy, the state government introduced a bill banning outright solar panel installation restrictions by homeowners’ (HOAs) and property owners’ associations (POAs). Though the bill offers strict guidelines, it prevents interference from HOAs, protecting homeowners’ rights to own solar.
Homeowners who choose the best solar panel installers derive more benefits. First, professional PV installers will correctly size the system to ensure you harness enough energy to meet your needs. Second, they make sure the roof angle and orientation is correct. Moreover, we remove any obstacles or shading that can affect production. You can talk to us for the best PV installation services.