There are now more than 3.3 million solar energy systems in the United States today, with a total solar capacity of more than 121 gigawatts. The solar boom is expected to continue over the coming decade, with an anticipated 300 further gigawatts of solar capacity set to be installed in the next 10 years.
If you and your family are thinking about making the switch to solar energy, then this blog post is for you. Here, we will highlight 3 things you should know about solar savings in El Paso, Texas. From the suitability of the city and county to reaping the benefits of solar energy to cost savings and more, we’ll explore why you should install a solar panel system on your property.
El Paso Is Perfectly Suited to Solar
El Paso boasts one of the most enviable climates in the United States, with an average of 297 sunny days every year. This is considerably more than the national average of 205 days.
This fact means your property will be perfectly suited to solar and can help to reduce the upfront costs of going solar. Homes in areas where there is less sunlight typically need a greater number of solar panels to meet their home’s energy needs.
Homeowners Stand to Save Thousands On Bills
Over the 25-plus year lifespan of a solar panel system, homeowners in El Paso stand to save tens of thousands on their home energy bills. To give an example, let’s look at a property in the County with an average monthly utility bill of $183. Here, the recommended system size would be 5.5 kW, costing between $11,000 and $13,300 after applying the federal solar tax credit.
After 25 years, the net profit (the savings minus the system cost) would be between $45,800 and $56,000. For homeowners looking to reduce their spending, solar panels are an excellent long-term option.
Federal Tax Credit Makes Solar More Affordable
Homeowners who install a solar panels system in 2022 can reduce the upfront purchase and installation costs by 26% using the federal solar tax credit. The tax credit is due to decrease to 22% in 2023 and expire at the end of next year.
Therefore, now is the best time to make the most of the available tax credit and reduce the upfront costs of switching to solar energy.
Speak to a top solar company near you to learn more about the tax credit and solar savings.
What to Know About Solar Savings in El Paso, TX
Solar is a clean, abundant, and renewable energy resource that can help homeowners in El Paso save thousands on their home energy bills. Of course, there are also the undoubted environmental benefits of going solar. We recommend that you contact a solar company near you for more information.
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