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.
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.
MOXIE has locations in Austin, Dallas, and San Antonio!
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 4,606 megawatts (MW) of solar energy installed in Texas.
Even though the state of Texas doesn’t offer solar tax credits or sales tax exemption, there are a couple important tax benefits to installing solar 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. You earn these credits when your panels produce more energy than you end up using. If you ever find you need more energy than your panels are producing, you can use those credits instead of paying the utility company. Some utilities with net metering policies include CPS Energy, El Paso Electric, the City of Brenham, and Green Mountain Energy.
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.
Texas has a statewide solar rights law that prevents Homeowner Owner’s Associations (HOA) from blocking your home solar panel installation.
Let us take care of the bills. When you sign with MOXIE during the ‘2021 IS ON US’ promotion, we’ll pay your 2021 electric bills. We’ll even throw in a sweet custom T-shirt!