How to Save Money on Your Energy Bills with a Solar Panel System
Texas has been an industry leader in encouraging homeowners to convert to solar energy and save money on investment. Texas has excellent incentives available in the Rio Grande Valley.
These solar incentives in McAllen might help offset the cost of solar installation and lower the time it takes for the solar panel system to pay for itself. Here are some of McAllen, TX’s solar incentives:
- Federal Solar Investment Tax Credit: The Federal Investment Tax Credit (ITC) is a 30% tax write-off on the cost of your solar investment
- Texas Solar Property Tax Exemption: Enjoy a 100% property tax break on the increase of your home value when you install solar panels
- Texas Solar Net Metering: Texas has net metering policies in place, which allow homeowners who generate more electricity than they use to sell the excess back to the grid
- PACE Loans: Property Assessed Clean Energy Loans give you more financing options and may cover up to 100% of your energy efficiency improvements, including solar panels.
- Texas Solar Rights Act: Protects your rights as a homeowner when you invest in a solar system with a Meraki