Benefits of Solar Energy
Solar energy offers numerous advantages that will enhance your home for years to come.
- Smaller power bills: Generating some or all of your own power will spend less on electricity long-term.
- Better energy independence: Solar energy can keep your home functioning through emergencies and blackouts, giving you additional security. You can use your solar energy anytime with an optional battery backup system.
- Reduced carbon footprint: Solar is the universe's most abundant clean energy source, meaning you can reduce or eliminate your home's dependence on fossil fuels.
What Solar Incentives Are Available to The Woodlands Homeowners?
The state of Texas offers a number of solar incentives to help minimize your solar system costs. Here is a breakdown of eligible solar programs where you live.
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 The Woodlands
The more informed your company research is, the better your photovoltaic system will ultimately perform. Make your choice based on the following crucial aspects.
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. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar sector's most respected trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in The Woodlands
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power. Polycrystalline panels produce less power, but start at a more budget-friendly price point. 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.
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 companies include these additional features, so look for a company that sells them if it's essential for you.
A majority of The Woodlands homeowners select solar systems designed for five kilowatts (kW) of electrical capacity. These systems cost about $16,650 to install, considering both materials and labor. You can find more specific cost information in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in The Woodlands
Choosing the optimal financing solution will impact your overall solar system cost and potential savings. Common payment options include leases, cash payments, loans, and power purchase agreements. Though it requires a large up-front payment, cash is the most affordable choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the second most effective option. As with a car loan or mortgage, you'll pay a monthly rate towards system ownership, including interest. You can still apply for cost-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate determined by the energy you use, akin to an electric bill. We generally don’t recommend these two choices because you won't own the system and are disqualified from using solar incentives. We advise working with a provider that offers multiple financing options. Ask each agent about what's available, and secure more than one estimate for the best odds of staying within your budget.
The table below lists the average payback periods for different capacities of solar systems in The Woodlands.
You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, local governments and utilities may have their own financing plans and rebates that could reduce your total cost even more.
|Solar System Capacity
|Estimated Payback period
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in The Woodlands
How much energy and money could I save per year by switching to solar?
Is solar energy readily available in The Woodlands?
Will solar energy systems raise my The Woodlands home price?
How long does it take to pay back a solar loan in The Woodlands?
How long does the solar installation process require?
What's the average solar system size in The Woodlands?
What are the signs I shouldn't use a particular solar company for my job?
- Pushy sales approach
- Being evasive about warranties, cost, references and credentials and training
- "One-size-fits-all" approach
- Not thoroughly inspecting your site
- Limited customer feedback
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