Benefits of Solar Energy
Solar energy comes with multiple perks. Let's look at a few of them.
- Smaller power bills: Generating some or all of your own energy will cut power costs long-term.
- Better energy independence: Solar systems with energy storage work through power outages and emergencies, and you won't have to rely on the electrical grid for your safety and comfort.
- Reduced carbon footprint: Using solar is a surefire way to minimize your carbon footprint and home fossil fuel dependency.
What Solar Incentives Are Available to Bedford Homeowners?
Governments and utility companies often incentivize homeowners for switching to solar. Here are some of the rebates, tax credits or other programs you could qualify for.
Incentive Type: Rebate ProgramWebsite: texasgasservice.com
Free Equipment Program: Free appliance installation and weatherization services
Home Improvement (includes attic insulation, duct sealing, duct insulation, duct replacement, high-efficiency gas furnace, and Wi-Fi thermostat: Up to $1000
Solar Water Heater With Natural Gas Backup: $750
Tankless or Super High-efficiency Water Heater: $650
Furnace Tune-Up: $40
Natural Gas Dryer with moisture sensor: $225
Natural Gas Dryer Stub: $300
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Bedford
Choosing a company is the first step toward an effective and valuable solar array. Here are some key items to consider while searching for a solar specialist.
Licensing and Training
All solar energy companies in Texas must have a state electrical contractors' license from the Texas Department of Licensing and Regulation. The Texas State Board of Plumbing Examiners regulates plumbing regulations and licensing standards for solar thermal installers. Solar companies can also obtain certifications from standards organizations and trade groups. The most respected ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Bedford
Your solar modules' style will affect how much electricity you can produce. Monocrystalline panels perform the best but cost the most. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total project price, but they can improve your solar system's efficiency. Not all solar providers include these additional features, so look for a provider that sells them if it's a priority for you.
Generally speaking, it will cost about $16,650 for a five-kilowatt solar array in Bedford. This table lists more specific pricing information for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Bedford
Solar installers use multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are solar loans, power purchase agreements (PPAs), cash payments and solar leases. Most solar experts recommend a cash payment or using a solar loan. Cash payments require a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Similar to a car or home loan, you'll pay a set monthly rate with potentially $0 down. Solar leases allow you to pay a monthly rate to rent your panels, while a PPA lets you pay a fluctuating rate based on only the energy you use. We generally don't recommend these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be appropriate in specific circumstances. Ask each installer you're considering about the payment options it offers. A consultant can help you determine the best option for your budget.
The table below lists the average payback periods for different capacities of solar systems in Bedford.
The IRS allows you to claim a 26% federal tax credit on total system costs, so long as you purchase it before 2032. City and state governments and utilities might also offer their own financing programs, rebates, and incentives that could save you more money.
|Solar System Capacity
|Estimated Payback period
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Bedford
How much energy and money could I save per year by switching to solar?
Is solar energy widely available in Bedford?
Should I expect a boost in my property value after going solar?
Could I still use solar power if I live in a wooded, rainy, or dark area?
How do I care for my new solar system?
How long does it take to pay back a solar loan in Bedford?
What is "net metering," and how does it work?
Some states or energy providers mandate you to join net metering when purchasing your solar system, while others give you a choice. Either way, once you join, you'll receive a bill credit or check for your excess generation at a wholesale or retail rate.
Should I get quotes from multiple Bedford solar companies?
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