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.
Laredo, Texas Solar
For Laredo residents or business owners with roots “deep in the heart of Texas” a good portion of the year is all about sunny days. With this natural resource readily available, is it any wonder that solar energy is becoming a popular consideration in many cities to cut the cost of the monthly utility bill? If this sounds too good to be true, hang on to your 10-gallon hat because saving money in Laredo is possible by installing solar panels on your home or business.
Benefits of Solar Panels
Besides saving money each month on your energy bill plus doing your part to help the environment, you’ll also have the advantage of receiving a federal tax credit. If you purchase a solar panel system, the current government refund in effect until 2016 is an estimated 30 percent of the total cost of the system.
The state of Texas also provides an additional incentive with a property tax exemption. This means when solar panels are installed, property will be taxed only on the value of the property prior to solar installation regardless of how much you spend on the system.
Rebates, refunds, and credits come and go each year on the city, state and government level. If you are considering buying or leasing solar panels, check with the city for any local incentive programs that may be available. It’s also a good idea to check with the state and government sites to find out what is available and for how long. When incentives are offered, many times, they’re set for a limited number of people for that particular year. This means available rebate programs may fill up fast as they are on a first-come-first-serve basis and you may end up on a waiting list.
Benefits of Renewable Energy
Because Texas receives an abundant amount of sunshine approximately 60% of the year, solar energy is a viable consideration to add to your lifestyle. Solar energy is clean, it’s free, and it doesn’t pollute the environment like carbon based fuel sources. In Texas, wind power plays a significant role in producing energy with turbines and solar panels are on the rise and increasing in popularity for homeowners and business owners.
ROI for Homes Featuring Solar Panels in Laredo
While the installation of solar panels will allow you to save money each month, it also adds value to your property. As already mentioned, in Texas, you’ll have the advantage of a property tax exemption for going solar. Another thing to consider is for homeowners who are considering selling their home or business owners selling their property in the near future. Having solar panels installed adds to the selling point of the home or commercial property. Many buyers are environmentally conscious and want to live a green lifestyle and a solar powered home or business property available on the market is a prime target for these individuals.
The Bottom Line for Solar Panel Options
There are several options available when choosing solar panels. You can go through a private company to purchase the solar system or you can lease the equipment. Each option has its advantages.
In Laredo, you have the choice of choosing your electricity provider, the type of service plan to fit your budget and situation, and whether to select a fixed, variable or indexed rate. If you choose a provider with a solar panel plan, find out what type of incentives are available such as whether the company buys back the surplus electricity, also referred to as outflow.
Depending on the solar provider, you may also have several steps to follow in order to receive a payment each month for the surplus electricity generated. This can include submitting an interconnection agreement to your utility company plus any agreement, application, or registration required by the solar provider.
Finding a Contractor in Laredo, TX
It goes without saying that you should only hire a professionally licensed solar panel contractor. For many government programs, this is a requirement in order to be eligible for a rebate. The solar provider should be responsible for any maintenance the panels may require. The utility company will be responsible for the lines and main grid.
The contractor will determine how much coverage is required based on the size of your home. It will also need to be verified whether or not the house is positioned to the best advantage to receive sunlight and if the roof is structurally sound to support the weight of the panels. As an alternative, solar panels can also be installed at ground level as long as there is enough room and there are no barriers to block out the sun.