Solar power has become an increasingly popular choice for homeowners in Texas, and for good reason. Not only does going solar offer a sustainable and environmentally friendly way to generate electricity, but it also comes with a number of benefits that can improve your quality of life and save you money in the long run. In this article, we will explore some of the key benefits of going solar in Texas, including reduced electricity bills, improved home value, and environmental benefits.
One of the primary benefits of solar power in Texas is the cost savings it offers. As electricity costs continue to rise due to inflation and other factors such as proposed new natural gas-powered plant developments, many homeowners are looking for ways to reduce their monthly bills. By investing in solar panels, you can generate your own electricity and reduce your reliance on the grid, which can help you save money on your energy bills over time.
A recent article by the Texas Tribune reports that the Texas Senate has passed a bill that would provide incentives for the construction of natural gas power plants in the state. The article notes that the developments could lead to higher electricity prices for consumers, as the costs associated from building the natural gas power plants could fall on Texas residents in the form of higher taxes or increased electric bills.
The development of these plants represents a costly tax on consumers that does little to actually improve the reliability issues currently affecting the Texas grid. Additionally, natural gas prices are historically volatile and can lead to increased electricity prices for consumers if the cost of natural gas increases. This could make solar power an even more attractive option for homeowners looking to save money on their energy bills.
According to reports, the cost of solar energy in Texas has dropped by more than 80% in the past decade. This means that installing solar panels on your home is now more affordable than ever. Additionally, many utility companies in Texas offer net metering programs that allow homeowners to earn credits on their electricity bills for any excess energy they generate and feed back into the grid. But the benefits of solar power in Texas don’t stop there.
Increasing Home Value
Another major advantage of going solar is the potential to increase the value of your home.
According to a study by the Lawrence Berkeley National Laboratory, homes with solar panels installed typically sell for more than those without them. The study found that homes with solar panels sold for an average of $15,000 more than homes without them, and in Texas sold 20% faster than properties without solar panels.
This increase in home value is likely due to the fact that solar panels are seen as a desirable and valuable feature for many homebuyers. As the demand for sustainable and environmentally friendly homes continues to grow, having solar panels installed on your home can make it more attractive to potential buyers and increase its resale value.
Homes that come with a locked-in cost of energy, and especially ones with backup power systems, are becoming more and more desirable for home buyers in Texas looking to avoid blackouts and the rising cost of energy.
In addition to the financial benefits of solar power, there are also a number of environmental advantages. Generating electricity from solar panels produces zero greenhouse gas emissions, which can help reduce your carbon footprint and combat climate change. In a state like Texas, where energy consumption is high and the use of fossil fuels is common, switching to solar power can have a significant impact on the environment.
Barriers to Adoption
However, despite the many benefits of solar power, there are still some barriers to adoption that must be addressed. One of the biggest challenges is the upfront cost of installing solar panels. While the long-term savings can be significant, the initial investment can be a deterrent for some homeowners. Additionally, the regulatory environment in Texas has been somewhat challenging for solar energy development, with some utility companies fighting against the expansion of solar power in the state.
Making the Transition
But despite these challenges, the benefits of solar power in Texas are clear. From cost savings to increased home value to environmental benefits, there are many reasons to consider making the switch to solar. As the state continues to grow and energy demands increase, it is important to consider sustainable and renewable energy sources like solar power.
Locking-in your electricity rate for decades to come is a practical and sound investment for people looking to save money long term. With the many incentives currently available, as well as significant financing options, the upfront costs of solar are more manageable than ever.
To get a quick estimate, use our free online solar calculator. Go one step further by scheduling your first consultation with us to evaluate all your options. NATiVE can help you evaluate all your financing options to meet your cost and resilience goals, and tailor a home solar system to meet your specific and unique needs.