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Did You Know


 
In 1905, Albert Einstein published a paper on the photoelectric effect, along with his paper on his theory of relativity.
Back to Solar for Homeowners

 Financial Benefits of a Home Solar Installation

You’re already paying for electricity, but what do you have to show for it? By going solar, you become the owner, not a renter, of your own green power plant. That makes solar power a smart investment.

Start Saving Today
From the minute it’s turned on, your solar power system starts generating power and savings whenever the sun’s shining. And in hot Texas summers when electricity rates are typically higher, your system is at its peak power production. How much your utility bill is actually lowered depends on your household's electricity usage and the size of your solar energy system. A custom, smart design is key to maximizing efficiency.

Government & Utility Incentives Lower the Price
In Texas, several local utilities currently offer substantial rebates to encourage homeowners and businesses to go solar. In addition, the federal government allows you to deduct 30% of the system cost off your annual federal tax return. Current incentives are generous, but they’re bound to decrease or disappear altogether over time. The sooner you decide to go solar, the better the incentives are likely to be. Meridian Solar will work with you to ensure you take advantage of all the incentives available. Find out more about these incentives and rebates now.

Lock in Low Electricity Rates
The rates you currently pay for electricity are bound to keep going up. On average, electricity prices in the U.S. have increased about 5% per year for the last 30 years. A solar installation is like locking in current rates. A simple analogy—imagine if you could lock in the price of gasoline for your car for the next 25-30 years. Your price per gallon would remain the same even if oil prices climbed off the charts (a safe bet!) By going solar, it’s like buying a thirty-year power contract, if there was such a thing. The energy market is always volatile. But the more rates rise in the future, the more valuable your investment will become.

Receive Credit for the Energy You Create
Some utility providers offer "net metering", which simply means that when your solar power generation exceeds your use, that excess flows back to the grid, offsetting the electricity you consumed at a different time. The type of credit you receive for that excess power varies by utility provider. Click here to find out more about who offers net metering programs in Texas and other states.

Solar Can Increase the Value of Your Home
According to a recent study by the Appraisal Institute, for every $1 decrease in annual utility bills, the selling price of a home went up by $20. In more mature solar markets like California, some homeowners have recouped 100% of their solar system investment upon resale. An intelligent and elegantly designed system by Meridian Solar will go far in making your home the star of your neighborhood!

Virtually Maintenance Free
Solar is a proven technology with no moving parts. So you can count on a well-designed solar generation system to reliably power your home with no worries of ongoing maintenance costs or system breakdowns.