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Financial Benefits of a Home Solar Installation![]()
Paying for electricity is something that all of us hate to do, especially when we receive our summer utility bills here in Texas. Since we have no choice but to pay the bill, what can we do to reduce and or eliminate these bills? By installing a Wind/Solar Solution, you are taking the first step to controlling how much your electric bill will actually be. These systems are smart investments; they last 20 to 30 years, allowing you to be in control of your own destiny. Why wait to install?
Federal Tax Credits and Local Energy Rebates Lower Installation Prices Thanks to the 2009 American Recovery and Reinvestment Act, all wind and solar systems receive a 30% tax credit off the total cost of the entire system, including installation. Prior to the President signing this legislation, a $2000 cap was all that could be deducted. (See Our Tax Credits and Incentives Section for more details) In Texas, OnCor Electric provides a $2.46 per watt additional rebate for solar systems installed in their service area. Most of us in the DFW metro-plex are serviced by Oncor, see our Glossary section to find out if you qualify, or just call us at TX Wind and Solar and we will be happy to assist you. Rising Electricity Rates are on the Horizon Did you know that the average price of electricity in California is between 30 and 40 cents per kwh. Texas residents have enjoyed lower rates in the past, but with a number of future coal plants being rejected, our prices will be going much higher. Some statistics show we could double our current average rate of 12 to 14 cents in just the next few years. Could you afford your bill if it doubled? No one can know future prices and we don’t want to scare anyone into buying a wind/solution, but it is a safe bet that prices are on the rise. By purchasing a solar/wind solution from TX Wind and Solar you are locking in your electrical prices for the next 20 to 30 years. Net Metering allows Consumers to Receive Credit for the Energy Created Now because of legislation forcing utility companies to offer net metering solutions and deregulation allowing customers to choice their Retail Energy Provider (REP), consumers are in a great position to take charge of their electrical requirements. Call a TX Wind and Solar representative today to find out how net metering is implemented in your area. Solar and Wind Systems Increase the Value of Your Home Recent studies by the Appraisal Institute indicate that for every $1 decrease in annual utility bills, the selling price of a home went up by $20. It is not uncommon to totally recoup your Wind and Solar investment if you sell your home. Installing a pool might get you 10 cents on the dollar. Solar and Wind Solutions are great investments for the future. What about all the Maintenance that will be Required? Wind and Solar Solutions have been around for hundreds of years. They are proven technologies with no moving parts. Our wind turbines are guaranteed for 10 years and will last for 20 years, with virtually no maintenance required. Solar Systems have 25-year warranties and have been shown to last over 30 years with no major repairs needed. These systems provide a reliable source of electrical power production with little worries of system failures or costly maintenance upkeep. You can’t say that for your air conditioner or car. Click Here to learn about how you can help the Environment with your Home Solar Installation Business Solutions | Getting Started | Tax & Rebate Incentives | Our Partners |
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