How to Use the Solar Calculator
The best way to learn about local rebates, your home’s energy potential, and your eventual return on investment is to use our ModSun Solar Cost Calculator (see above). Enter your home address in the box, then click Check My Roof. You’ll get an instant picture of your roof’s productivity, your average energy expenses, and installation costs in your area—whether you decide to buy or loan. We’ll also provide system size recommendations and information about rebates and incentives you may be eligible for. Just select More Info under each purchasing strategy to learn more, and then connect with a solar pro.
Solar Panels in Austin Texas
Austinites, are you ready to save money on your monthly utility bill? If so, read on for information about how you can save an estimated $200 to $1000 per year just by converting to solar panels for your home’s energy needs.
Steps Towards Getting Solar Power
The first step in getting solar for your home is to contact qualified and licensed installers for quotes. It’s vital to your warranty should something fail, as well as the accurate functioning of each panel, that only a knowledgeable person handle the project from start to finish. Your contractor will also know how to size your home and determine how many panels it will take to keep your home running efficiently.
Financing and Leasing Solar Energy
If you aren’t in a position to pay cash for the system, shop around for a loan offering the best rate and terms. Consider a standard loan or a home equity line of credit (HELOC). You may even find unsecured loan availability that doesn’t require collateral. Look for a low interest rate and a 20-year term, or less, if the terms work better for you.
Homeowners also have the option to lease solar panels. This is the perfect solution for those who don’t plan to remain in their current home for the long run. A lease provides the opportunity to reap the benefits of solar with a zero down payment, low monthly payments, and a short or long term lease. By the end of your lease agreement, you’ll have saved a significant amount on your utility bills without having to make a purchase.
Rebates and Incentives for Solar Energy
If you purchase a solar energy system, you will be eligible for a federal solar tax credit, which will help defray the cost. You can find more information about solar rebates and incentives at Energy.gov, and for answers to questions you may have, the Energy Star website has a helpful frequently asked questions page.
Austin Energy also adds to the plus side of installing solar panels with current rebates of $1,100 per kilowatt. So, a 5-kW solar system will garner an estimated $5,500 in rebates. Deduct that from the initial loan for the panels and you’ve already saved money the first year.
Pros and Cons of Solar in Austin
Homeowners also get the advantages of the Value-Of-Solar Rate tariff that is set each year and based on metered energy from Austin Energy. This is a plus for both homeowners and businesses. You can find more information about the residential and commercial tariff from the current report at Austin Energy.