Benefits of Solar Energy
Solar energy comes with multiple advantages. Let's look at a few of them.
- Reduced carbon footprint: Using clean solar power reduces your dependence on fossil fuels, which release greenhouse gases that damage the environment.
- Better energy independence: Adding a solar battery lets you have reliable energy during grid outages and storms.
- Lowered energy bills: You can dodge the premium cost of grid-tied power by producing some electricity at home.
What Solar Incentives Are Available to Midlothian Homeowners?
Governments and utility companies often reward 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 Midlothian
The cost and efficacy of solar panels often depend on the solar company that installed them. Consider all of these criteria in your company search.
Licensing and Training
All solar contractors 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. You should also visit a company's website to learn about its private certifications. Two of the most respected are the PV Installation Professional and Solar Heating Installer certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Midlothian
Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
If you want to charge an electric car or use your solar power in cloudy weather, you can pay extra for add-ons. By choosing the right components, you can make your system more efficient and convenient to use. Not every solar provider includes these additional features, so look for a provider that sells them if it's essential for you.
You can expect to pay about $16,650 on average for a five-kilowatt solar energy system in Midlothian. Check the table in this section to get an idea of how much Midlothian solar companies might quote for your specific system.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Midlothian
There are numerous ways to pay for a new solar system, and the right one will help you decrease overhead. A few of the most common options include power purchase agreements (PPAs), loans, leases, and cash payments. Most solar experts recommend paying cash or using a solar loan. Cash payments require a large up-front sum, but they save you from 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. Much like a car or home loan, you'll pay a set monthly rate with as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) allows you to pay a monthly rate based only on the energy you use, similar to an electric bill. We usually don’t recommend these two options because you won't own the system and are disqualified from using solar incentives. Look for installers that offer several payment plans to find the right fit for your budget.
The table below lists the average payback periods for different capacities of solar systems in Midlothian.
A 26% federal tax credit applies to new residential solar equipment purchased through 2032. Extra incentives may be available through city and state governments, usually in the form of rebates and special financing programs.
|Solar System Capacity
|Estimated Payback period
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Midlothian
How much energy and money could I save per year by switching to solar?
Is solar energy widely available in Midlothian?
Should I anticipate a boost in my property value after going solar?
Could I still use solar power if I live in a wooded, dark, or rainy area?
What can I do to assess my home's solar potential?
What size should my new Midlothian solar system be?
What is "net metering," and how does it work?
Should I get quotes from multiple Midlothian solar companies?
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