Texas: Say Bye to Your Power Bill
Go solar with help from Texas solar panel incentives
They say that everything is bigger in Texas, and the benefits of solar are no exception. With some of the strongest sunshine in the country and lower-than-average solar costs, it’s no wonder that the Solar Energy Industries Association ranks Texas as a top 10 state for solar. Going solar is easier than ever thanks to some major solar incentives and rebates.
The best way to compare your solar options and save money at the same time is by registering on the Energy Sage Marketplace. When you compare quotes for solar panels on Energy Sage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.
What are the best Texas solar tax credits and rebates?
Homeowners in cities across Texas have access to significant rebate programs and special policies that can help them save thousands on the cost of installing a solar energy system on their roofs. These are just a few of them:
Texas solar rebate programs
While Texas doesn’t have a statewide solar tax credit or solar rebate program, many utilities (large and small) and local governments offer incentives to homeowners who want to go solar. Here are some examples:
- Austin Energy: If you live in Austin, you can get a rebate of $2,500. Plus, you’re eligible for Austin Energy’s Value of Solar Tariff, which pays you $0.097 for every kilowatt-hour (kWh) your solar panels can generate.
- CPS Energy: If you’re a CPS Energy customer, you can receive up to $1.20/W of solar panels that you install on your roof. Like Austin Energy, the value of the incentive drops as more solar is installed, so now’s the time to go solar if you are in the CPS Energy service area.
- Guadalupe Valley Electric Cooperative, and the City of Sunset Valley all also offer rebates for homeowners in their areas.
Renewable energy systems property tax exemption
Beyond saving you money on your electricity bills, solar has another financial benefit – it can increase the value of your home. While higher home values typically bring higher property taxes, Texas has a renewable energy property tax exemption so that residents of the Lone Star State don’t pay extra taxes as a result of the value that their solar panels add.
Texas renewable energy: solar offers top incentives for homeowners
Texas net metering
Although Texas doesn’t have a statewide net metering policy, many utilities in the state (including El Paso Electric, the City of Brenham, CPS Energy, and Green Mountain Energy) have policies that credit owners of solar energy systems for the electricity that their panels produce. If your utility has a net metering policy, you receive credits on your electric bill for all of the extra electricity your solar panels produce. When your panels aren’t producing enough electricity to meet your use (like at night or if it’s cloudy outside), you can draw on those Texas net metering credits instead of buying electricity from the utility.
Solar rights law
If you live in a neighborhood governed by a homeowners’ association (HOA), also known as a property owners’ association, you might be worried that HOA regulations will keep you from being able to go solar. Luckily, Texas has a solar rights law that prevents HOAs from banning solar energy systems on their properties, so you can go solar with confidence.
The federal solar tax credit
Don’t forget about federal solar incentives! With the Investment Tax Credit (ITC), you can reduce the cost of your PV solar energy system by 26 percent. Keep in mind that the ITC applies only to those who buy their PV system outright (either with a cash purchase or solar loan), and that you must have enough income for the tax credit be meaningful.
Power companies are fighting an uphill battle they are sure to lose and they’re blaming customers who are taking advantage of massive government savings programs. Specifically, they are blaming Texas Solar Incentives that encourage homeowners to use clean energy by reducing solar power projects to $0 installations.
Until now, solar panels were less about saving money and more about environmental protection. In order to get more people to switch to clean solar energy the federal and state governments are highly incentivizing homeowners who live in specific zip codes to go solar with $1000’s of dollars in rebates and incentives that can cover 100% of the costs associated with a new solar panel installation.
When homeowners visit Energybillcruncher, many are shocked to learn that solar panels can be installed on their home with no upfront costs after rebates and solar incentives. You can find out which solar incentives are offered in your area by using your zip code. You can even use this tool to help calculate your savings by entering your utility provider and your average power bill. In many cases, customers are saving up to 50% on the cost of powering their home each year.
(Article source from: https://www.energybillcruncher.com/ , https://www.energysage.com/local-data/solar-rebates-incentives/tx/)
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