How Can El Paso Solar Panels Help in Saving the Environment?
How El Paso Solar Panels Help Save the Environment?
Knowing the Things You Need
How Can El Paso Solar Panels Help in Saving the Environment?
The city of El Paso in Texas enjoys at least 300 days of sunshine each year. Because of this, it is not surprising to see the city government support any initiative to improve its clean-energy industry by investing money in solar-related projects. The city worked with El Paso Electric to provide incentives or rebates to anyone who would choose to install solar electric systems in their homes or commercial establishments. This initiative increased el paso solar panels since it began in December 2010.
Federal Solar Tax Incentives
At the moment, the IRS provides a 30 percent tax credit meant for any solar solutions. The calculation for this is based on the actual amount left after deducting state rebates and credits. However, those who will apply for this incentive program should remember that the federal tax credit is only applicable to all purchased systems. They also need enough tax liability to avail of the credit.
Solar Financing
There is an increase in the number of El Paso solar panel financing options during the previous years. It currently includes several loans with low-interest rates. Others also offer power purchase agreements as well as solar leases.
If the homeowners are still undecided whether they want to purchase or lease their solar panels, there are several factors that they need to consider before making a decision just like when acquiring a car. To help make the decision, homeowners can compare the monthly payments and choose which one can generate more savings and maximize the uses of having their solar panel systems.
Net Metering In El Paso
El Paso residents have the advantage of availing themselves of net metering options that not all cities in Texas enjoy at the moment. After deducting the 30 percent federal solar tax credit, the amount for solar generally goes down to approximately $2 per watt. That amount is relatively affordable. Aside from the large discount, the net metering allows homeowners to receive one for one credit for the power transported to the grid can let homeowners earn the benefits in a shorter period compared to the other cities in the state.
To get the most out of net metering, homeowners need to ensure that they are using a system size that comes up with the same total amount of kilowatt-hours of power that they usually use every year. It can be seen in the details recorded in their power bills. They can also use solar panel kilowatt-hours production calculators to help them come up with an approximate number of their annual electricity use from their home or business address and the total amount of their power bill during the previous month.
The process of installing solar panels in El Paso tends to be complicated. Yet, there are more benefits to installing these panels to help protect the environment. More importantly, it can help homeowners save a lot of money because it only needs the light of the sun to function, which is abundant in El Paso.
