Incentives
The most well known incentive (not rebate) is the ITC. (Investment Tax Credit)
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What is the ITC???
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The ITC is a federal tax credit for those who purchase solar energy systems for residential, commercial or utility scale properties
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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
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Denton Municipal Electric - GreenSense Solar PV/Thermal Rebate Program
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Value:Up to $30,000
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AEP Texas Central Company - SMART Source Solar PV Rebate Program
Value: Up to $6,000
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CPS Energy - Solar Hot Water Rebate Program
Value: Up to $2,000
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CPS Energy - Solar PV Rebate Program
Value: Up to $3,000
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City of San Marcos - Distributed Generation Rebate Program
Value: Up to $2,500
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Austin Energy - Residential Solar PV Rebate Program
Value: Up to $2,500
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City of Sunset Valley PV Rebate Program
Value: Up to $3,000
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