Incentives
The most well known incentive (not rebate) is the ITC. (Investment Tax Credit)
What is the ITC???
The ITC is a federal tax credit for those who purchase solar energy systems for residential, commercial or utility scale properties
The ITC increased in amount and its timeline has been extended. Those who install a PV system between 2022 and 2032 will receive a 30% tax credit. That will decrease to 26% for systems installed in 2033 and to 22% for systems installed in 2034.
Rebates
Depending on the county and/or utility company you are currently paying determines any rebate eligibility when it comes to going solar. Below are a few examples of rebates offered by some Texas utility companies. There are 53 other utility rebates in Texas and you may qualify for one of them.
AEP Texas North Company - SMART Source Solar PV Rebate Program
Value: Up to $6,000
Denton Municipal Electric - GreenSense Solar PV/Thermal Rebate Program
Value:Up to $30,000
AEP Texas Central Company - SMART Source Solar PV Rebate Program
Value: Up to $6,000
CPS Energy - Solar Hot Water Rebate Program
Value: Up to $2,000
CPS Energy - Solar PV Rebate Program
Value: Up to $3,000
City of San Marcos - Distributed Generation Rebate Program
Value: Up to $2,500
Austin Energy - Residential Solar PV Rebate Program
Value: Up to $2,500
City of Sunset Valley PV Rebate Program
Value: Up to $3,000
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