There actually is no statewide Texas solar tax credit. However, there are many city-based and utility-bases solar incentives that a large number of Texans can take advantage of. 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 you $0.097 for every kilowatt-hour generated by your solar panels. If you’re a CPS Energy customer, you’re 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.
In addition to local Texas solar rebates, there are also a couple important Texas solar laws that make the cost of installing solar in Texas much less. All these incentives are a major reason why there has already been over 4,606 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. 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 will surely 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.