Texas is the second-largest state in the US and has some of the strongest sunshine and lowest solar costs in the nation. Here are some of the incentives available to Texas home and business owners:
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Federal Solar Investment Tax Credit (ITC):
Homeowners that qualify for the Solar ITC can take advantage of a tax credit for 30% of the cost of installed solar panels. Battery storage can also qualify for the Residential Clean Energy Credit.
Utility Rebates:
Texas has a number of utility companies that offer rebates for solar installations. For example, Austin Energy offers a rebate of $2,500 for residential solar installations and $50,000 for commercial installations. CPS Energy offers a rebate of $0.60 per watt for residential solar installations and $0.40 per watt for commercial installations.
Net Metering:
Net metering in Texas is a billing arrangement for solar panel owners that credits them for excess electricity they generate. When your solar panels produce more energy than your home consumes, the surplus is fed back into the grid and credited to your account, effectively spinning your meter backward. These credits can then be used to offset future electricity consumption, resulting in lower energy bills. Net metering promotes the efficient use of solar power, reduces reliance on fossil fuels, and supports the transition to clean energy. By participating in net metering, you not only save money but also contribute to a more sustainable energy future while helping maintain grid stability in Texas.
Property Tax Exemptions for Solar:
Texas offers a property tax exemption for renewable energy systems, including solar installations. This exemption means that the added value of your solar panels will not increase your property taxes.
Further information and programs can be found at the Programs.Dsireusa.org
