There are so many great things about living in Texas. In fact, it’s home to over 29 million people! There are many reasons that contribute to this statistic, with the relatively low cost of homeownership being one of the most popular ones. But the buck does not stop there. Thanks to key Texas solar power incentives, the cost of maintaining an eco-friendly home is achievable for everyone. This allows homeowners to keep utility bills low while maintaining a For more information on key Texas solar incentives and how they can become a reality for your home, keep reading.
What Are the Main Texas Solar Benefits?
Texas is a great candidate for homes boasting solar panels, due to its long sunny days year-round. But what once was a costly installation process, no longer carries such a reputation. Thanks to advances in technology and various solar incentives, keeping your home eco-friendly while simultaneously lowering utility bills can become a reality for Texas homeowners. There is a federal tax credit available, also known as the Investment Tax Credit (ITC). This allows homeowners to subtract 26 percent of the overall solar panel installation costs from their federal tax bill.
There is no cap on the amount that can be deducted, so long as it meets the 26 percent threshold. This can result in a tax savings of thousands of dollars. For Texas-specific solar energy rebates and incentives, read on below.
Texas Solar Incentives:
As a state, Texas does not have an official tax credit or rebate program for homeowners that choose to install solar panels. However, there are many local governments that provide these incentives. Cities like Austin and Sunset Valley are just a couple of examples of municipalities that offer rebates for their solar-powered homeowners. Furthermore, many Texas utility companies offer such incentives, as well.
Blue Raven Solar is a great example of this. They provide an unmatched installation program, boasting:
- $0 upfront for costs including design, permitting, and installation
- 18 months of free solar power
- Support for Federal solar tax credits
- 25-year manufacturer warranty
- Modern, black-on-black panels
This program allows homeowners to install affordable solar power systems, in addition to the federal and local financial incentives. Solar panels can also help protect the investment of your home in other ways. Property values often increase with the installation of this technology. This, combined with Texas’s renewable energy property tax exemption, helps to keep values high while preventing an increase in taxes due to this reason.
Consider Solar Power for Your Home:
Thanks to technological advances and the introduction of various rebate and incentive programs, installing Texas solar panels in your home no longer has to be a faraway dream. With a little research and the consulting of a trusted solar installation company, you can make solar power a reality for your home.
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