How Long Do Solar Panels Take to Pay for Themselves in Texas
Solar panels have shown to be a good investment for many home & business owners who are looking for an eco-friendly alternative to traditional electricity. With solar you can save up to 50% on your electricity bills, increase the value of your home, and return 100% on your investment!
In Texas, the rate of return on solar panels is much higher than the national average thanks to 300+ days of sunshine every year and all of the available Texas solar incentives. It is for good reason that Texas is ranked as one of the best places to go solar in America!
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The Solar Payback Period
The Texas solar payback period refers to how long it takes for your solar panels to cover their initial cost and return on your investment. Thanks to the savings on your monthly energy bills and the potential earnings through Net Metering and other Texas solar incentives, your investment in solar power will ultimately be self-sustaining and yield profitable returns. But what is the time frame for achieving this financial milestone?
In Texas, the average time it takes for solar panels to pay for themselves is 6-9 years. This is much faster than most states due to all of the sunny days Texas receives every year and the many Texas solar incentives available to help home & business owners save even more money when investing in solar energy. Including a few ways to install free solar panels in Texas.
Factors That Effect The Solar Payback Period
Texas is one of the top solar states in the country, and for good reason. With the amount of sunlight and progressive solar incentives, solar panels pay for themselves much quick in Texas, than most other states. But this timeframe can be different for each home and each situation. Here are a few factors to consider when calculating your ROI on solar.
- Your monthly energy use
- The size of your solar energy system
- Your up front costs of solar
- Qualifying for Texas solar incentives
- Solar Batteries or Net Metering?
Some of these aspects might seem apparent, like your electricity usage and the total cost of Texas solar panels. However, others may be less obvious, such as the available solar incentives you qualify for and net metering.
Apart from how you utilize your solar energy, the most critical factors determining how fast your Texas solar panels will pay for themselves are the cost of the solar panels and the savings generated by them. Both questions can be answered swiftly with a free solar savings quote from Texas solar experts at EcoGen America. With no obligation, explore your solar options today and see how much you could save!
Get started with your free TX Solar Savings quote!
Texas Solar Incentives
Texas solar incentives are available to help mitigate or even eliminate the costs of solar panels and solar installations for home and business owners in TX. These solar incentives come in the form of tax credits, tax exemptions, solar rebates, and flexible financing options. Texas is recognized for offering a variety of attractive solar incentives, which is one of the many reasons the state continues to rank among the top places to go solar in America.
See Also: The Complete Guide to Texas Solar Incentives
Net Energy Metering
Net Energy Metering, or Net Metering for short, is a solar program that enables you to sell your surplus solar energy back to the Texas solar grid. The more solar energy your system generates, the more Solar Renewable Energy Credits (SRECs) you accumulate. You can redeem these SRECs monthly to further decrease your energy expenses or receive payment per watt for your solar energy.
Going Solar in the Lone Star State
As you can see, solar panels can be a great investment for home and business owners, especially in Texas! There are many ways to increase your rate of return on solar and decrease your solar payback period.
For the fastest way to start saving on solar panels in Texas, see which solar incentives you qualify for with a free solar savings quote. Explore all of your solar options and see how much you could save with solar panels in the Lone Star state!
Enter your zip code to see if you qualify for Free Solar Installation!
Do I Qualify?
Please enter a zip code
In Texas, the average time it takes for solar panels to pay for themselves is 6-9 years. This is much faster than most states due to all of the sunny days Texas receives every year and the many Texas solar incentives available to help home & business owners save even more money when investing in solar energy.
Yes! There are several local solar programs and solar companies who will pay rebates for customers who go solar! Including Austin Energy, CPS Energy, & Oncor Electric. Learn more about Texas solar incentives here!
Want to see how much you could save with solar in Texas?
Use our Free Solar Savings Calculator to see your potential savings by switching to solar.