Houston Solar Energy Installation
The best way to Go Green and Be Cool is to Go Solar
Houston Solar panel installation is finally affordable. A properly designed and installed Photovoltaic System and a commitment to a Clean, Green energy strategy can pay for itself in as little as 5 to 10 years.
How can I afford Solar Panels?
- First, of all the Photovoltaic industry has made huge advances in the efficiency and cost effectiveness of Solar Electric Systems in last few years.
- Second, the Federal Government's Income Tax Credit and new "Grants in Lieu of Tax Credits" offsets 30% of the cost of commercial Photovoltaic systems.
- Third, local Utility and Houston rebates offset as much as $2.10 - $4.50 per installed watt!
Let's take a look at a realistic installation senario in Houston
|Home Size:||2500 sqft|
|PV System Size:||3000 watt|
|Dollars per watt Cost:||$7 / watt|
|$2.46 / watt Utility Rebate:||-$7,380|
|30% Federal Grant or Tax Credit:||$4,086|
|Annual Output:||4,376 kWh|
|Average / kWh Cost in Texas||$0.15 / kWh|
|Current Annual Value:||$656|
|$656 x 20= Immediate added property value:||$13,120|
|$656 / $9,534= Tax Free Rate of Return||6.8%|
|Avg Rate of Utility Increase in Texas:||8%|
|Projected Average kwh cost in 2014:||$0.24 / kWh|
|Projected Annual Value in 2014:||$1,050|
|$1,050 / $9,534= Tax Free Rate of Return||11%|