Solar Energy The Colony, TX
Are you looking for the best solar panel installation companies in The Colony, TX? Dynamic has got your back.
Every hour, 430 quintillion joules of energy strike the earth from the sun. The power is enough to run all the activities in the world for a whole year! But it seems we have done little to tap into the enormous energy from the sun. For example, according to Project Sunroof data explorer (November 2018), The Colony has less than 50 solar installations. The number is low in comparison to the number of roofs viable for solar energy in The Colony. The city has more than 11,000 roofs which are eligible for solar power.
Choosing the best solar panel installation company can prove a hard nut to crack. But Dynamic has got your back. We have quality solar panels and accessories. You can go solar today and gain independence from your utility companies.
We are renowned for reliable services, quality products, timely installation, and extensive experience. All you need to do is request a free solar quote, and we are good to start the process. We only require your address and annual electricity bills to estimate the size of a solar panel system that can sustain your consumption.
Solar Panel Cost in The Colony, TX
The average cost of solar panels in The Colony, TX, is $2.75 per watt. The rate can be lower depending on the size of your solar panel system. Most homes in the city can use a 6 kW solar panel system. Therefore, the total cost of the solar panels for homes in The Colony is around $16,500.
2.75 × 6,000 = 16,500
The cost of solar panels for commercial installations may be higher. Some buildings can use 50 kW solar panels, but the rate is lower. Considering that every year you pay around $1,500 on electricity, it makes economic sense to go solar in The Colony, TX. The payback period before any incentives would be 8 years. The government offers investment tax credit at 26%, which could reduce the cost of solar energy.
Solar Panel System | Cost before ITC | ITC | Net Cost |
4 kW | $11,000 | $2,860 | $8,140 |
5 kW | $13,750 | $3,575 | $10,175 |
6 kW | $16,500 | $4,290 | $12,210 |
7 kW | $19,250 | $5,005 | $14,245 |
8 kW | $22,000 | $5,720 | $16,280 |
9 kW | $24,750 | $6,435 | $18,315 |
10 kW | $27,500 | $7,150 | $20,350 |
Some of the aspects which can affect the size of the solar panel system you require are:
- Roof orientation.
- Average consumption.
- Roof angle.
- Future plans.
Solar Panel Incentives
The federal government, organizations, and state governments offer solar installation incentives in The Colony, TX. Although Texas does not have statewide solar rebates, you can apply for the same from your utility companies. Some electricity providers like Oncor offer limited solar rebates to their customers. The incentives can reduce the cost of solar installation by up to 20%.
Other organizations that offer solar incentives are green energy advocates. The organizations do this to help more people install solar panels to curb environmental pollution.
The federal government is currently giving 26% ITC on commercial and residential solar panel installation, down from 30% before 2020. The rate is expected to go down to 22% in 2021. After 2022, only commercial solar installations will enjoy a permanent 10% investment tax credit. Take advantage of this offer to go solar in The Colony, TX.
Other financial incentives for solar energy include attractive solar financing- loans or leases at better rates than ordinary loans. Some options like zero down financing make solar installation quite affordable for all.
Benefits of Solar Energy
The benefits of solar energy outweigh the costs. Solar power benefits the economy, environment as well as society. First, the industry creates jobs for installers, suppliers, salespeople, manufacturers, and customer care. The solar energy industry has around 250,000 employees in America at the moment, according to EESI. Projections show the sun will be the primary source of energy by 2050. Therefore, as the industry expands, we expect more people to get jobs.
For households and businesses, solar helps to save on utility bills. You can save more than $1,500 every year after doing solar.
Environmental pollution has become a major concern across the globe. Solar energy installation to full potential in The Colony could reduce carbon dioxide emission by up to 130,000 metric tons annually. This would be equivalent to planting over 3 million trees for a decade. Solar energy does not emit harmful greenhouse gases like other sources of energy e.g., coal.
