Imagine receiving a power bill of just $4, even in the midst of a scorching summer. This is becoming a reality for many homeowners in Texas as they explore solar options.
As the heat intensifies, our air conditioning systems feel more essential than ever. Homeowners face soaring electricity costs just to keep their homes comfortable, leading many to reconsider solar power.
Solar energy can transform this scenario—most homeowners find they can afford it at a price comparable to, or even less than, what they’re currently spending on electricity.
In most cases, people save money with solar even after financing the cost of a new solar system. Moreover, both solar technology and energy storage systems are continuing to decrease in price and improve in reliability, while traditional power sources are becoming increasingly costly and unstable.
Every home or building differs in terms of roof size, shading from trees, and other factors. Therefore, we assess potential savings on a case-by-case basis through in-person consultations with homeowners and business owners.
To illustrate this, let’s consider a real-life example. While I won’t disclose the homeowner’s name, the numbers are based on an actual proposal prepared for her. It serves as a striking illustration of how our customers can find relief during these scorching summers—not only are they enduring discomfort, but they are also benefiting financially.
When this particular homeowner contacted us, her average electric bill was $137 per month. She aimed for a solar system that would cover nearly all of her energy needs without generating excessive electricity.
We designed a system specifically for her home that would reduce her average bill to just $4.
Yes, a four-dollar electric bill. Over the 25-year lifespan of the system, she stands to save at least $54,000 on electricity costs.
The total investment for the system—including solar panels, installation, electrical work, and other expenses—was $23,000. While this could seem like a significant investment, the recently extended federal tax credit and available rebates reduced the cost by over 40%, bringing it down to $13,000.
When financed over 15 years at a 5% interest rate, her monthly payment comes to less than $105.
Importantly, this payment remains consistent throughout the loan term, eventually disappearing altogether. Meanwhile, rising costs due to inflation, grid instability, and fluctuating gas prices continue to increase traditional electricity bills. Plus, installing solar panels boosts the value of her home, making it likely that she will recoup her investment should she decide to sell. Additionally, if she installs a battery storage system, she can maintain power for essential appliances during outages.
People often think of the summer heat in terms of discomfort, and I can personally relate; I’ve lived in Austin my entire life. However, it’s also a financial issue. With the rising temperatures, there’s no reason to also be burdened by excessively high electricity bills.
Investing in solar energy leads to significant savings. Wouldn’t it be wise to take that step?