Solar Energy Spring Valley Village, TX
Switching to solar energy in Spring Valley Village, TX & eliminate utility bills.
Finding alternative sustainable and clean energy helps reduce over-reliance on the grid, which benefits the environment. Because of this, governments across the world are encouraging solar energy use. Solar energy currently contributes 1.7% of the total US electricity at 88.9 GW of installed solar capacity.
Distributed PV is one of the leading causes of this increase. Many residential areas are taking up solar energy leading to rapid growth in the solar energy industry. This industry has grown by an average of 49% annually in the last decade. Solar energy is poised to become one of the world’s leading employers in a few years.
When looking for solar panel installation services in Spring Valley Village, TX, you want to go for the best. At Dynamic Slr, we come as advertised. Our solar panel installers are unmatched in this field. We evaluate the installation site to ensure it meets the required standards. Talk to us for a free solar quote.
Solar Energy Costs in Spring Valley Village, TX
Did you know that solar costs have reduced by over 70% in the last decade? This decline is contrary to the annual increase in electricity costs. Solar panel costs about $2.8 per watt in Spring Valley Village, TX. However, due to the size of the project, commercial installations enjoy reduced costs.
Many homes can rely on a 6 kW system, which would cost about $16,800. Due to the investment tax credit or ITC, this cost reduces to $12,432. To encourage home and business owners to install solar, the federal government introduced the investment tax credit.
Currently, it allows home and business owners to receive 26% of the total installation cost as a tax credit. During its introduction in 2006, the percentage was 30%. However, it is reducing gradually as the government plans to phasedown the policy.
The ITC helps to dramatically reduce the cost of the installation, which makes solar more affordable. This incentive helps in the growth of the solar energy industry in the US. The table below shows how ITC helps to reduce costs.
Solar Panel Capacity | Cost (2.8 × System Size) | Net Cost (Cost-ITC) |
4 kW | $11,200 | $8,288 |
5 kW | $14,000 | $10,360 |
6 kW | $16,800 | $12,432 |
7 kW | $19,600 | $14,504 |
8 kW | $22,400 | $16,576 |
9 kW | $25,200 | $18,648 |
10 kW | $28,000 | $20,720 |
You still have two more years to enjoy the 26% ITC. After that, the percentage will reduce to 22% in 2023, ending the same year in December for residential installations. Commercial installations will still enjoy the ITC but at 10% in 2024. You should start the process and enjoy the incentive at a higher percent.
Why Go Solar in Spring Valley Village, TX
There are many benefits that one can derive from going solar in Spring Valley Village, TX.
Saving Money with Solar
Did you know that you can save about $30,000 within the first 30 years of installing solar panels? When homeowners choose solar, they get rid of their electricity bill. This allows them to allocate the annual $1,500 utility bill to pay for solar.
Due to this, homeowners reach a solar break-even within the first 9 years of using the system. Therefore, they continue to use solar energy for free for the remaining years before the warranty period expires. As a result, they can save money.
Notably, the PV system continues to work after the warranty period, which means you will continue to enjoy free electricity. Our solar experts in Spring Valley Village, TX, install quality solar products to last for years. They also give you advice on how you can maintain the system.
Saving the Planet
Apart from saving money, going solar conserves the planet. On average, an average home helps to void about 100 tons of carbon dioxide emissions after installing solar panels. Reducing carbon dioxide emissions benefits the environment, which helps curb climate change.
Increase the Value of Your Home
When you install solar panels, the value of your home increases by about 4%. This increase in your home value is an added advantage of installing solar panels. Additionally, the state offers a 100% property tax exemption for this appraised value.
Installing PV modules befits not only you but also the planet. This dual benefit of solar energy makes it an ideal option for most homes across Spring Valley Village, TX. You can contact Dynamic Slr for detailed information regarding the switch to solar. After installation, we monitor the PV system to ensure it is working as it should. Talk to us today.
