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Real Estate Blog & Resources

Solar energy in Texas is surging ahead

Texas is surging ahead with solar energy, as the state's percentage of newly installed solar capacity coming online hit record levels, according to Solar Energy Industries Association. During the first quarter of 2015, the state recorded 49 megawatts of brand new capacity. The state only trails five states - California, Nevada, New York, North Carolina and Massachusetts - in new capacity. If Texas real estate developers continue to install solar panels at this rate, it will mark a historic year for renewable energy in the state.

According to SEIA President and CEO Rhone Resch, the past five years have seen continued growth in solar installations and total solar capacity in Texas. That growth is expected to accelerate rapidly, as the state is poised to install more than 200 MW this year.

"That's a huge jump - nearly three times more than was installed in 2013," said Resch. "Clearly, smart public policies, like the solar Investment Tax Credit (ITC), are providing a tremendous boost to the state's economy, creating thousands of new jobs and generating hundreds of millions of dollars a year in economic activity."

Of the 41.6 MW of utility-scale solar installed in the first quarter, 4.3 MW went to residential homes. The state now boasts a capacity to power more than 66,000 homes with solar power.

Those looking to build or buy a home in Texas will have great access to any number of solar-powered amenities to help reduce the costs of ever-rising utility bills.

Not only will these solar panels decrease homeowners' electricity expenses, the strong demand is leading to increased job growth, significantly benefiting the state's economy as well. As RealEstateRama noted, 404 solar companies are now employing roughly 7,000 people in the state. These jobs include manufacturers, contractors, installers, distributors and more.

For more information on buying land and building a custom new home in Texas and the master planned community of Vintage Oaks, contact SouthStar Communities.

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Installing solar panels on your custom new home can greatly decrease utility bills.