Houston is a great spot to go solar. Reliant Energy is probably your utility. Solar is a great investment in Houston because of Reliant Energy’s net metering program and high average electricity use.
The 26% federal tax credit is the most important incentive for solar panel installation in Houston. The tax credit will drop to 22% by 2020. The best time to go to solar in Houston is now to maximize your savings potential.
Reliant Energy’s retail net metering program is another key incentive to go solar in Houston. It can help you save quite a bit of money.
You can find out what incentives are available by entering your address in our solar panel calculator.
Reliant Energy offers to buy excess solar energy produced by customers, even though there is not a state-wide net billing policy in Texas.
Even better, Reliant buys this power at full retail electricity rates. This means you get even greater savings.
The federal solar tax credit equals 26% of the total cost to install solar panels on your house. The federal tax credit amount is deducted from your federal taxes. If your tax debt is less than the amount of the tax credit, you can still claim the credit for several years. Federal income taxes are required to be eligible for the federal tax credit.
Remember that the federal solar tax credit will be decreasing at the end of 2022. It will drop from 26% to 22% of the costs. The best time to go green is now so that you can get the most out of your solar savings.
This question is dependent on how much electricity you use. The more you use electricity, the greater the savings from solar.
Texas’ average monthly electricity consumption is 1,156 kWh. You are likely to use more because this average includes small apartments or condos.
Our Houston solar panel savings calculator converts your monthly electricity bill into the amount of electricity you use. The calculator will calculate how many solar panels are needed to offset your monthly power bill, what a solar system costs based on the prices of local solar companies, and how much money you can save on your electricity bill.
In the last ten year, solar panels have seen their prices drop by more than 80%. They will continue to be subsidized by the 26% federal credit and net metering law in 2022, making them an excellent investment. They provide a higher return than the average long-term return from the property and the share market.
Another way to approach this question is to calculate the cost per kWh of electricity you will consume over the next 25-years with or without solar panels. The savings can be significant, as you will see.
See all the ways that energy providers can help you save money and be more efficient with your energy.
This post was written by Daniel Massaad, owner and expert solar technician at Energy Solutions Direct! ESD is the top choice for solar Companies in Houston! Our licensed and certified contractors are masters of their craft; with years of experience servicing the great Tampa Bay area and beyond, the choice is simple. ESD excels at offering you the best in solar value!