The great state of Texas is leading the way when it comes to residential solar panel systems. The booming market for residential solar panels has seen a sudden increase in the last few years, with Texas ranked 5th overall by SEIA (2018). The benefits of going solar are tremendous, but homeowners often hesitate because they’re unsure if it’s worth the cost. Fortunately for Texas residents, there are many incentives in place to help finance and install your new system!
In Texas, homeowners have a number of solar rebate programs and special incentives available to help make the transition more affordable. These may change often. Contact Glyde Solar for the latest information on savings available!
The process of generating electricity from sunlight is simpler than you might think. Solar power systems in a residential setting have three main components:
1. Solar panels are an integral part of the production of electricity. These cells convert light into electric current which then moves through wiring to an inverter.
2. The inverter converts the panels’ DC electricity into usable AC for our homes.
3. The meter is a device used to measure the amount of electricity generated and consumed in your home. If you have more than what’s needed on any given day, it will be sent back out onto the grid.
The ITC is a 30% tax credit for residential and commercial solar systems. The program has helped the U.S.-based industry grow by more than 10,000%. With an average annual growth rate of over 50%, it’s no wonder that this energy source will be around for decades to come! All it takes is filling out IRS Form 5695 and including its final result as part three under “Schedule 3/Form 1040.” This deal won’t last forever though, so make sure to jump on it quickly!
The benefits of solar energy are clear, as it can reduce greenhouse gas emissions and mitigate climate change. Furthermore this renewable source has an important role in protecting humans from air pollution by improving quality-of life while simultaneously reducing water use for electric production purposes!
It’s never been a better time to invest in solar energy. Government incentives are at an all-time high and will decrease by the end of 2022, so you want to get started on your system now before these savings disappear!