There’s no statewide Texas solar tax credit. However, there are many city-based and utility-based solar incentives that can apply to some Texan solar power systems.
For example, Austin Energy offers residents of Austin a solar rebate up to $2,500. Austin residents are also eligible for Austin Energy’s Value of Solar Tariff, which pays $0.097 for every kilowatt-hour generated by your solar panels.
Austin Energy customers can earn money by completing a solar education course and installing a qualifying solar system on your home. The power company also has options for renters to benefit through a community solar program.
If you’re a CPS Energy customer, you may be eligible to receive up to $1.20 per Watt of solar panels that you install on your roof. There are also opportunities for solar rebates through Guadalupe Valley Electric Cooperative, Garland Power and Light, and City of Sunset Valley.
Find up-to-date information on Texas solar incentives and clean energy tax credits at the DSIRE program page for TX. (DSIRE is the Database of State Incentives for Renewables and Efficiency®.)
In addition to local Texas solar rebates, there are a couple important Texas solar laws that lowers the cost of installing solar in Texas. All these incentives are a major reason why there has already been over 7,784 megawatts (MW) of solar energy installed in Texas.
Just like with Texas solar tax credits, there is no statewide net metering program currently in Texas. However, there are many Texas utility companies that offer a credit to solar panel system owners for each unit of energy their panels produce.
This benefit ensures that any new solar energy system installed in Texas is exempt from being part of your property tax assessment value – forever. Even though your home value may increase when you add solar, you won’t be paying for it in taxes. Obviously, this helps you to recoup the cost of your system even quicker.
MOXIE is one of the largest solar installation companies in the country. We’ll work with you to create a complete solar system that is affordable, sustainable and dependable.