Going Solar in Denton, Texas
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You don't have to be a GREEN junkie to want Solar Energy for your home. More and more people are finding that a Solar Energy System can be a smart investment and a way to save thousands of dollars in the long run, not to mention it’s a reliable source of energy for your home. Solar Energy is always there even when there’s an outage at the power company.
Residents of Denton, Texas are fortunate because in addition to the Federal Tax Credit program offering a 30% tax credit, the two energy companies that cover the area (Denton Municipal Electric and Oncor) both provide huge financial incentives / rebates for their customers that choose to invest in Solar panels or some other form of alternative energy to provide cheap energy for their home.
The questions we all ask when it comes to buying Solar Panels are:
Solar Energy, What's in it for me?
The obvious answer is that once you get solar panels installed, you will get free energy from the sun. Depending on the solar energy system you install, it is possible that you could never have to pay another power bill again. However in most cases, you will significantly reduce or eliminate your energy bill for year round savings.A Solar Energy System is an investment that will pay for itself. How much you pay for it will determine how quickly it pays for itself. That is why we have done everything we could to provide you the cheapest prices for the best quality products. Depending on your Solar Energy System, a system from us could have a payback period as little as 7.3 years, while our competitors have a 15+ year payback period. It's our incredibly low prices that make the difference.
Solar System, What will it cost me?
At $2.84 per Watt (call for Contractor & Partner discounts), we have the best prices for quality Solar Panels in the country right here in Denton, Texas. This means that your initial cost will be as little as possible. When coupled with the Federal tax credit and power company rebates, it can pay for itself in as little as 7.3 years.The Federal Tax Credit covers 30% of the total cost of products and installation for a Solar Energy System after rebates.
Both Denton Municipal Electric and Oncor have strong rebates that put cash back in your pocket in under 6 weeks after the installation. What kind of incentives are we talking about, the kind that make it a no-brainer to jumpstart your solar energy plans.
Denton Municipal Electric has a $3.00 per Watt rebate with a maximum of $15,000.00. This means that if you install 10 panels that are 180 Watts each, you have a total 1,800 Watts (1.8 Kilowatts or kW) Solar Energy Array. Oncor will pay you back a total of $5,400.00.
Oncor has a $2.46 per Watt rebate with a maximum of $24,600.00. Using the same example as above, if you install 10 panels that are 180 Watts each, you have a total 1,800 Watts (1.8 Kilowatts or kW) Solar Energy Array. Oncor will pay you back a total of $4,428.00.
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So what do all these rebates mean to me at the end of the day? Here's an example that might help to clear the air and explains how it all works out.
The following scenario takes place in Denton, Texas where Mr. Garcia the homeowner wants to purchase 22 Solar panels (180W each) to meet the energy needs of his home giving him 3,960 total Watts from his solar panels. Mr. Garcia’s power company is Denton Municipal Electric (Denton, TX) which offers a very nice rebate for renewable energy. With the purchase of the Solar System and installation Mr. Garcia calculates that he will pay an estimated total of $20,454.00 . His energy company will provide a rebate of $11,880.00 and the Federal Tax Credit program will pay (30%) $2,572.24 , which will give him a total rebate amount of $18,016.24 and a total out of pocket costs (after rebates) of only $2,437.89 . Mr. Garcia calculates that this Solar System will give him an annual savings of about $827.23 giving him a payback period of only 7.3 years for his total out of pocket investment of $6.001.89. In shopping around for the best deal he discovered that competitors to Advancing the Green charge much more for their solar panels making his out of pocket much higher. He finds in his research that the competitors higher cost of solar panels results in a much higher 15+ year payback period. He decides to call Advancing the Green TM today to place his order for his Solar Energy System.
Call now and ask about any Specials we have
so we can save you even more money.
(972) 672-2001
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The Math |
Advancing |
Competitors |
Total Installation in Watts |
(180W x 22) |
3,960 Watts |
3,960 Watts |
Total Cost Installed: |
(Panels + Inverter + Install) |
$20,454.00 |
$29,820.00 |
Power Company Rebate |
($3.00 per Watt, $15,000 max) |
$11,880.00 |
$11,880.00 |
Federal Tax Credit |
(30% of total cost) |
$2,572.24 |
$5,382.00 |
Total Rebate Amount |
(Power Co. Rebate + Federal Tax Credit) |
$14,452.24 |
$17,262.00 |
Total Cost (after Rebates) |
(Total Cost - Total Rebates) |
$6.001.89 |
$12,558.00 |
Annual Energy Savings |
(average Solar production of 627 kWh per month) |
$827.23 |
$827.23 |
Total Payback Period
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(Total Cost after Rebates / Annual Energy Savings) |
7.3 Years |
15.2 Years |
