Austin Solar Power Incentives

Utilities and city services.

Austin solar power incentives.

Leased systems do not qualify unless the applicant is a non profit organization or governmental entity. Third party solar power purchase agreements ppas are not allowed in the austin energy service territory. As a residential customer you can. You also contribute to the expansion of green jobs in the austin area.

Increase the property value of your home. This data can be used to track the capacity and incentive levels available for austin energy s solar rebate program. Another key incentive for going solar in austin is austin energy s residential solar rebate program that helps cut down on the upfront costs of solar. You can earn a 2 500 rebate by completing our solar education course and installing a qualifying solar photovoltaic pv system on your home.

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. However the tax credit is set to step down to 22 at the end of 2020. The most significant incentive to install solar panels in austin is the 26 federal tax credit. Homes with existing solar pv systems are not eligible to participate in this program.

In addition to the pbi the solar energy that you generate will reduce your bill by decreasing the energy you purchase from the grid. Austin energy s commercial solar performance based incentive pbi earns your business an extra credit on your monthly electric bill for the power your solar pv system generates for 10 years. The current incentive rate for medium commercial installations is 0 05 kwh. Federal investment tax credit itc you may qualify for a federal tax credit based on the cost of your solar pv system including labor costs.

This means in order to maximize your savings potential the best time to go solar in austin is now. See our residential solar rebate guidelines for more detailed information about program requirements pdf. Austin based energy development company go big solar is proposing to construct an 1 megawatt solar farm that would produce about 6 of the city s energy or the energy needed to power about 200. The investment tax credit itc for solar power systems is the main exception being a federal incentive.

Texas offers many incentive programs for solar power systems and they are managed separately by each transmission and distribution utility tdu regardless of your retail electricity provider rep or electricity company. Earn solar credits that apply to your electric bill.