Why Does Dallas Lag Far Behind in Solar Energy?
Going solar is happening all over the great state of Texas. It might be because, Texas is defined by its wide-open spaces, it’s incredible Americans, and it’s great climate. DFW is one of the most ideal places to go solar, but it's just not as popular. Here is why:
When the Texas government set renewable energy goals in 2005, it gave the power industry 20 years to have 10,000 megawatts of renewable energy capacity installed — enough to power 3.5 million homes. Any notion that was a long shot quickly evaporated as developers rushed to take advantage of the state’s new, lucrative renewable energy credits program.
They completed that goal in 2009, nearly 15 years ahead of schedule.
Environmentalists are quick to blame legislators in Austin for not setting up a centralized incentive program as other states have. Instead, the utility companies are left to their own devices, and while rebate programs exist for homeowners and small businesses, they are largely underfunded and often sell out within days.
“All the experience we have indicates we can spend money in other areas and get greater returns than we can with solar,” said Oncor spokesman Chris Schein.
So... why should you go solar in Dallas now?
As of June 2020, the average solar panel cost in Dallas, TX is $2.77/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Dallas, TX ranges in cost from $11,772 to $15,928, with the average gross price for solar in Dallas, TX coming in at $13,850. After accounting for the 26% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.
It’s important to know that we price match, so make sure you get your quote from us last!
Not only will we price match, but there are also some other incentives to consider including adding substantial value to your biggest investment. Your home. In order to make more money on a future sale, you need to increase its value! Solar panels do just that and you get to own your power.
Secondly, the state of Texas exempts solar panel installations from your property tax. At the same time that your home value increases, the cost to power your home decreases, and you don’t have to pay more taxes on your property. It’s a win-win for Dallas and Waxahachie homeowners.
Lastly, all Texas homeowners and business owners are eligible for the Federal Solar Tax Credit. This program allows for a 26% tax credit on the full cost of your solar panel system, including the installation. This incentive is scheduled to change in 2021. So, act now on getting your solar panels installed!
We are here and ready to get your panels installed or answer any questions you may have! Call us today to learn more at (682) 284-1174.