Solar Purchase
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Not only will start immediately seeing lower utility bills, but you’ll also see long-term savings over the lifespan of your system. In addition, many homeowners qualify for a wide range of federal tax credits and statewide rebates. The average homeowner ends up saving thousands of dollars thanks to their solar panel systems!
How Do Solar Loans Work?
Homeowners who utilize solar loans still own their solar panels systems, and therefore qualify for federal tax credits. The Investment Tax Credit, or solar tax credit, gives homeowners 26% of the cost of installation that can be applied to their federal taxes. This offer only lasts through the end of 2022, making now the best time to make the switch to solar!
Frequently Asked Questions
- Are solar systems expensive?
- Solar energy systems are an investment for your future. Many homeowners end up saving thousands throughout the lifespan of their system!
- How much money can I save by going solar?
- The exact amount varies for each home based on their location, home size and energy requirements. Most homeowners save thousands by the end of their contract.
- Do I receive credit for my extra energy production?
- When your solar panels produce more power than your home can use, the excess electricity is automatically sent back to the grid. Through net metering, you’ll be building a ‘bank’ of credits with your utility company.
- What comes with my solar energy system?
- The main components of your solar energy system are the solar panels, microinverters, solar flashing, racking and mounting equipment, as well as production monitoring software via our app.
- How do I know my panels are high quality?
- Texas New Energy installs exclusively Tier 1 solar panels to ensure our customers’ systems are efficient and durable. Tier 1 panel manufacturers must have been producing panels for more than five years, have fully automated production and a high degree of vertical integration.
- How do my panels generate electricity?
- Solar panels absorb sunlight and convert the light energy into usable electricity for your home.
- What if it’s not sunny outside?
- Solar panels can still generate electricity even when the sun is not at its brightest.
- Will I have electricity if the power goes out?
- For the safety of the maintenance workers resolving any electrical issues during a power outage, your electricity would also be powered down. You would still be connected to your neighborhood’s grid to ensure you have a consistent flow of energy during normal hours, which is why you cannot keep using electricity when your power goes out.
- What if I want to move before my contract is up?
- If you sell your home, you can transfer your solar agreement to the new homeowner pursuant to the terms of your solar service agreement. The process is very easy and offers electricity savings, which is a great selling point when your home is on the market.
- Will panels make it challenging to sell my home?
- Since solar energy is rising in popularity, homes with panels installed typically sell at a higher rate than similar homes without panels.
- Are there any payment plans to help finance my panels?
- Texas New Energy customers can choose to pay for their panels via cash payments or a solar loan. Each option has different benefits to suit a variety of household needs and preferences.
Find Out if Switching to Solar is Right for You
Call (817)774-2304 Texas New Energy now to get your no-obligation, free quote