Why Solar is the Answer to Texas Grid Problems
After ERCOT’s epic failure this winter, it might be time for Texans to take their energy production into their own hands.
Although ERCOT predicts a 15.7 % reserve margin, last year they predicted 19.6% when in all actuality it was really 8.6%. At one point last summer it fell to 2%, triggering an emergency.
If you factor in the population rise in Texas and Covid restrictions being lifted, I would venture to say our energy needs have increased since last year.
If past behavior is indicative of future behavior ERCOT will underperform and underdeliver, leaving Texans in the dark.
In Tyler, Texas alone, electric provider Oncor asked for a nearly $98 million rate increase. That’s a 30 percent increase from what they requested last year, meaning rates are going to climb higher than Texans have ever seen. Oncor has requested similar rate increases across Texas.
When you invest in Solar you become part of the solution.
During the day your solar panels are producing more energy than you are using.
You send that energy back into the grid, lessening the load during peak usage hours.
Your energy company credits you for the energy you send and you use those credits when your solar panels aren’t producing energy.
Solar panels save consumers tens of thousands of dollars over the life of their panels.
Some people are able to eliminate their electric bills altogether with their solar investment. Once their system is paid off they will no longer have electric costs.
If Texans really want energy security they can invest in battery backups so when the grid fails they still have power.
You can even utilize the Solar Tax Credit and write off 26% of the total system installation cost. Some local governments also have incentives.
The Database of State Incentives for Renewables & Efficiency is a great resource you can use to lookup local incentives you can take advantage of to make solar even more affordable.
In the past decade, solar prices have dropped 80%. Solar has never been more affordable or attainable.
Funding a solar project has become simpler. Most people can get financed with as low as a 600 FICO score, with interest rates as low as .99%, and terms between 10 and 25 years.
If financing isn’t an option a Solar PPA or Lease may be a viable second choice.