Austin Solar Power Incentives

You re probably using austin energy as your utility.

Austin solar power incentives.

Guide to solar power in austin in 2020. It s a step down plan so now through december of 2020 the credit is 26. There are many texas solar power incentives at all levels. City of austin utilities online.

The combination of austin energy s value of solar program and the state s high average electricity usage makes solar an excellent investment in austin. Austin energy s commercial solar performance based incentive pbi earns your business an extra credit on your monthly electric bill for the power your solar pv system generates for 10 years. You also contribute to the expansion of green jobs in the austin area. When you use clean renewable solar power for your home or business you help reduce austin s carbon footprint and help protect the environment.

Like austin energy the value of the incentive drops as more solar is installed so now s the time to go solar if you are in the cps energy service area. Austin is a great place to go solar. Once the capacity allotment for an incentive level has been achieved the incentive will be reduced to the next level in the program ramp down schedules. Homes with existing solar pv systems are not eligible to participate in this program.

Austin energy rebates incentives saving you money and energy. The most significant incentive to install solar panels for homes and businesses is the federal solar tax credit at the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation. The tax break reduces. Let s start with the federal incentive.

Guadalupe valley electric cooperative garland power and light and the city of sunset valley all also offer rebates for homeowners in their areas. An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. Good for austin good for the environment. See our residential solar incentive guidelines for more detailed information and.

In addition to the pbi the solar energy that you generate will reduce your bill by decreasing the energy you purchase from the grid. Customer services 512 494 9400 outside austin call toll free. The solar investment tax credit itc is a federal tax credit that is a dollar for dollar reduction on income taxes. Federal solar tax credit.

Renewable energy systems property tax. Leased solar pv systems are not eligible to participate in this program. Third party solar power purchase agreements ppas are not allowed in the austin energy service territory.