Solar Energy Waller, TX
Are you looking for a solar panel installer in Waller, TX? We've got your back.
The world has achieved progress in the switch to solar. However, a lot of work still needs to be done. Notably, solar only makes up 2% of the total world energy, which is a small percentage for an abundant resource available in all places. If the world will achieve the sustainable energy goal, more needs to be done to encourage solar energy installation.
The US has 8.9 GW of solar capacity installed. In the last year, US companies only installed 3.8 gigawatts (GW) in Q3, making up a 43% annual growth in 2020. Even in the wake of the pandemic, there was a total of 19 GW installed in 2020. The country is expected to hit 107 GWdc by the year 2025.
If you want the best solar panel installers in Waller, TX, we’ve got you covered. When we receive your electricity bill, we can provide a free solar quote. Additionally, we will visit your home for assessment and site evaluation.
Solar Panel Costs in Waller, TX
The average cost of solar in Waller, TX, is $2.77 per watt for homeowners. However, commercial solar costs are slightly lower due to the size of the projects. Many homes can rely on a 6kW system to generate enough electricity to power their homes. Such a system would cost about $16,620. Since 2006, homeowners enjoy the investment tax credit to help reduce this cost.
During its introduction, home and business owners would receive 30% of the total installation cost as a tax credit. Currently, they receive 26% as it has been extended for the next two years. Home and business owners should take advantage of this extension and start the process of switching to solar.
The ITC significantly reduces the costs making solar more affordable. For such a 6kW system, you will need to pay $12,299 when you deduct the ITC. The table below shows how the incentive affects costs.
Solar Panel Capacity | Cost (2.77 × System Size) | Net Cost (Cost-ITC) |
4 kW | $11,080 | $8,199 |
5 kW | $13,850 | $10,249 |
6 kW | $16,620 | $12,299 |
7 kW | $19,390 | $14,349 |
8 kW | $22,160 | $16,398 |
9 kW | $24,930 | $18,448 |
10 kW | $27,700 | $20,498 |
Solar as Climate Change Solution
The world can no longer deny the effects of climate change. Most states had warmed by 1.5 degrees by 2016. As a Texan, climate change should be a concern because the state is expected to experience the worst effects. There are already warmer and longer summers and changing weather patterns that are affecting farmers in the region.
Issues such as wildfires, rising sea levels, and record-breaking storms can also become more prevalent if the climate change issue is not addressed. The leading cause of climate change is greenhouse gas emissions.
When we burn fossil fuels to generate electricity, these gases escape into the atmosphere leading to global warming. Solar energy poses no such risk. Though there are emissions during silicon PV production, the solar panels generate clean energy, which offsets these emissions.
As many home and business owners install solar, they help reduce reliance on the grid, which helps void greenhouse gas emissions. The average PV system installed for homeowners helps to void more than half a ton of sulfur dioxide, one-third a ton of nitrogen oxides, and 100 tons of carbon dioxide during its lifetime.
How Much Money Can I Save With Solar?
Apart from having a positive impact on the environment, homeowners save money. In fact, an average homeowner can save more than $2,5000 within the first 25 years of installing solar. When homeowners install solar and connect to the grid, they also enjoy the buyback option. This option allows them to earn credit if their systems generate enough credit.
Total Costs Calculations
Let’s look at the breakdown of the costs of an average 6kW system.
Total costs: 2.77 price per watt × 6000 = $16,620
ITC incentive: 26% ITC × 16620 = 4,321
Net Costs: 16620 – 4,321 = 12,299
Savings Calculations
When you want to buy solar, many financing options offer you friendly repayment options. One of them involves allocation your annual electricity bill to pay for solar. On average, homes in Waller, TX, can pay $1500 to cater for the electricity bill. When you use this amount to pay solar, you can repay the system in the 9th year, meaning you continue to enjoy free electricity.
Repayment duration: 12,299 ÷1500 = 8.2
Solar Usage before warranty mark: 25 – 8.2 = 16.8
Total amount saved: 16.8 × 1500 = 25,201
Solar panels continue to generate electricity even after they hit the 25th year mark. Talk to Dynamic Slr for all your solar panel installation needs in Waller, TX.
