Solar Energy Midland, TX
Do you want to say goodbye to utility bills? Get in touch with the best solar installation company in Midland.
Midland boasts one of the highest solar eligibility rates in Texas at 96%. The city has several solar panel installers. Dynamic SLR stands out from other solar energy installation companies in Midland, TX. Thanks to quality solar panels, affordable installation services, long term warranties, and professional staff. You can count on us for a seamless transition from conventional electricity to clean, renewable, and affordable solar energy.
As a locally-based company, we understand all the loops of solar installation in Midland. Over the years, we have worked with clients in your neighborhood to deliver impeccable results and help them cut or eliminate utility bills. We guide you from the initial stages like free solar quotes, solar designs, and solar incentives in Midland, TX.
Our customers are evidence of our sweet stories in helping homes and businesses go solar. Whether it is a small residential project or large commercial installation, we have all it requires to wow with our services and products. All we need to give you a free solar quote are your address and estimated monthly bills, and we are off to start the journey.
How Much Do Solar Panels Cost in Midland, TX?
Solar panel installation is a long term investment that requires reliable installers. At Dynamic SLR, we have the most competitive prices for solar panels in Midland. On average, the cost of solar panels in Midland, TX, is around $2.9 per watt. For commercial solar panel installation, the rate may be lower because of the projects’ size. For homes, the average solar panel system is 6 kW. The capacity is enough to help you gain energy independence. The cost of the system is around $17,400 before ITC.
2.9 × 6,000 = $17,400
You can reduce the cost of solar panel installation through the application of federal government solar incentives. The investment tax credit for 2020 is 26%, but it is bound to reduce in 2021 and 2022. Therefore, you can take advantage of the deductions before they go down in the years to come. After the ITC, you can pay around $12,876 for a 6 kW solar panel system.
17,400 × 26% = 4,524
17,400 – 4,524 =12,876
On average, you spend around $1,500 on electricity bills. Cumulatively, the amount you pay for 9 years is enough to help you go solar in Midland, TX. Solar panels can last for 30 years or more. Therefore, after the payback period, you will enjoy free energy for more than 20 years.
12,876 ÷ 1,500 = 8.5 years
Solar Incentives in Midland
Although Texas does not have statewide solar rebates, you can apply for incentives from your utility company. Electricity providers like Oncor and CoServ offer limited solar incentives to their clients. The amount can help you reduce the cost of solar panel installation in Midland, TX, by 20%. Apart from utility companies, green advocate organizations offer incentives to homes and businesses to use solar energy.
Currently, the federal government has a 26% investment tax credit for residential and commercial solar panel installations. However, the rate will drop to 22% in 2021. After that, the ITC for residential properties will be scrapped off, while commercial properties will enjoy a permanent 10% incentive rate. Take advantage of the current attractive rates to go solar and enjoy clean solar energy at a lower cost.
Apart from incentives and rebates, Dynamic SLR partners with financial institutions to offer loans and leases. You can go solar through zero down financing from our financial partners if you meet the requirements. You should have a good credit score to benefit from these products. The loans have favorable terms, interest rates, and the repayment period.
Benefits of Solar Energy for Your Family
Are you wondering how your home will benefit from going solar in Midland, TX? First, you will reduce your family’s carbon footprint and help in averting the impact of global warming. Currently, the average carbon footprint per person in the world is over 4 metric tons per year. The world is in a rush against time to drop the rate to 2 metric tons to avoid the probable 2°C global temperature increase by 2050.
Homeowners in Midland, TX, can save around $1,500 every month through solar installation. Cumulatively, your family can save an amount enough to go solar in 9 years. More savings for the family means better living standards. You have more money for recreation and other uses.
Solar panels increase the value of a property. You could increase the value of your building by up to 4% without incurring extra property tax.
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