Going solar in the Lone Star State could come with Texas-sized benefits. For many homeowners, net metering is a potential opportunity for increased monthly savings on their electric bills.4 If offered by your utility company, you could earn credits on your monthly electric bill by sending excess solar electricity produced by your panels back to the grid. This process is known as net metering, and it’s a great way to extend your potential savings through solar.
Potential Benefits of a Solar Panel System in Texas
Texas averages more than 200 days of sunshine annually, making solar electricity a powerful option for Texas homeowners and business owners. With such high rates of sunshine, Texas residents have the potential to generate plenty of excess solar energy through their solar systems. Homeowners can store this excess energy in a battery for later use, or they can send this power back to the grid to potentially reduce their monthly electric bill through net metering.4
While Texas does not currently have a statewide net metering policy, individual utility companies across the state may credit customers for excess solar energy generated by their solar panel systems through their own solar buyback or net metering programs. Some energy companies will pay the kWh retail price for the excess solar energy generated, while others will only credit customers with the price of generation (a partial credit). For Texas solar customers, it’s worth exploring net metering and solar buyback options. Here’s a look at some of the utility companies that have such programs:
- El Paso Electric
- CPS Energy
Deregulation in Texas has given most state residents the opportunity to select their own electric company. We recommend researching which company offers a solar plan that works best for your home’s energy needs and location.
Contact Your Local Team of Pink Energy Experts To Learn More
At Pink Energy, we’re proud to make solar energy accessible and affordable, no matter where you live. If you’re interested in adding an American-made, custom solar energy system to your home to increase your home’s energy efficiency and potentially reduce your dependence on grid power, contact your local Pink Energy team of experts today for a free quote.