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{"id":1164,"date":"2022-06-24T13:33:16","date_gmt":"2022-06-24T13:33:16","guid":{"rendered":"https:\/\/wgsi.org\/?p=1164"},"modified":"2022-06-24T13:33:16","modified_gmt":"2022-06-24T13:33:16","slug":"fort-worth","status":"publish","type":"post","link":"https:\/\/wgsi.org\/solar-installation\/fort-worth\/","title":{"rendered":"Solar Companies in Fort Worth"},"content":{"rendered":"\n
How Much do Solar Panels Cost in Fort Worth, Texas?<\/strong><\/h2>\n\n\n\n
Solar panels in the Fort Worth area are going to cost you something like $2.50 to $2.75 \/ watt, and most solar panels sold for home use come in 250 watt sizes. This means standard solar panels are going to cost you something like $625-$650. Most homes are going to need around 6 to 8 kilowatts of energy to be completely self-sufficient of the grid. This equates to 24-30 solar panels, once again if you\u2019re trying to be completely self-sufficient, and that\u2019s going to cost somewhere between $15,000 to $20,000 just for the panels. And that\u2019s a lot of money, without a doubt, but don\u2019t let that big number scare you away before you\u2019re aware of the kinds of incentives, rebates and other possibilities that can bring that price down significantly.\u00a0<\/p>\n\n\n\n
What are the benefits of going solar? <\/strong><\/h2>\n\n\n\n
In an oil state like Texas, you wouldn\u2019t think there was a lot of emphasis placed on alternative energy sources, but you\u2019d be wrong. Texas actually has a lot of incentives available for solar customers, and a lot of those will greatly benefit those who see the high initial cost of a system as a discouragement. <\/p>\n\n\n\n
State Energy Rebates:<\/strong> Many local utility companies and governmental bodies in Texas offer rebates for customers who choose to go solar, so it would be a good idea to check on your local electricity provider before taking the plunge. Different companies handle it in different ways, sometimes offering a cash payment to qualifying homeowners, or in other cases offering to pay a part of the installation bill. <\/p>\n\n\n\n
\u201cPACE\u201d Financing: <\/strong>The \u201cTexas Property Assessed Clean Energy Financing\u201d program offers qualifying Texans the opportunity to finance their solar panel purchase and installation by doing a property assessment. The amount you finance can then be paid either via property taxes or on an annual basis until the system is paid off. Not all municipalities participate in the PACE program however, so check on it before you make a decision if that will affect your decision on how to handle your solar panel installation. <\/p>\n\n\n\n
Texas Interconnection Standards:<\/strong> The state of Texas has statewide interconnection standards, which means connecting your solar panels to the grid should be an easier and cheaper job for your solar installer. <\/p>\n\n\n\n
Property Tax Exemptions: <\/strong>Anyone who knows anything about Texas knows two things- There is no state income tax and property taxes are unbelievably high. Therefore, any break in taxes in the Lone Star state is going to be a big benefit. The state offers property tax exemptions on solar installations, meaning people who choose to install solar energy upgrades on their property cannot have their property tax liability reassessed because of it, therefore not increasing their tax bill. <\/p>\n\n\n\n
Federal Income Tax Credit:<\/strong> Any tax payer installing a solar panel system is eligible to claim up to 26% of the total cost of the installation and solar panels as a tax write off to their federal income tax liability. The benefit here is obvious of course, as this can save you thousands of dollars in and of itself. <\/p>\n\n\n\n
Net Metering:<\/strong> Though the state itself does not mandate any form of net metering, many local energy companies and municipalities offer net metering benefits. Net metering is the method by which an energy company can measure the output of your energy system as well as measuring the amount of energy your system feeds back into the grid. It is through net metering that a utility company can \u201cpay\u201d you for the excess energy your home produces and feeds into the grid, whether by sending you an actual cash payment or by issuing \u201ccredits\u201d of kilowatt hours toward future electric bills in months when your solar panels do not produce as much electricity as your home requires to operate. <\/p>\n\n\n\n
Increased Home Value: <\/strong>The value of your home can be increased by anywhere from $10,000 to $20,000 or possibly even more after the installation of solar panels. The exact amount is difficult to estimate and a real estate agent can give you a better idea of how much you may be able to add to the asking price of your home with the installation of solar panels. What is not in dispute however is the fact that homes with solar panels almost always sell faster than homes without them.<\/p>\n\n\n\n