Texas is poised to become a nationwide leader in solar energy,
with more than 4 GW of capacity expected to be installed over the next 5 years.
Along with the U.S. government incentive of 26% federal tax credit to eligible homeowners, there are several options for incentives:
Texas has a renewable energy property tax exemption so that residents of the Lone Star State don’t pay extra taxes as a result of the value that their solar panels add to their homes. Many utilities in the state (including El Paso Electric, the City of Brenham, CPS Energy, and Green Mountain Energy) credit owners of solar energy systems for the electricity that their panels produce. Texas has a solar rights law that prevents HOAs from banning solar energy systems on their properties, so you can go solar with confidence. Plus, you qualify for the federal solar tax credit. You also qualify for the federal solar tax credit. If you live in Austin, you can get a rebate of $2,500. Plus, you’re eligible for Austin Energy’s Value off Solar Tariff, which pays you $0.097 for every kilowatt-hour (kWh) your solar panels generate. If you’re a CPS Energy customer, you can receive $2,500 for installing solar panels on your home’s roof. You’re also eligible for an extra $500 if you install locally-sourced solar panels. Guadalupe Valley Electric Cooperative and the City of Sunset Valley also offer rebates for homeowners in their areas.