Austin Solar Power Incentives

In addition to the pbi the solar energy that you generate will reduce your bill by decreasing the energy you purchase from the grid.

Austin solar power incentives.

It s a step down plan so now through december of 2020 the credit is 26. Let s start with the federal incentive. Leased solar pv systems are not eligible to participate in this program. Guide to solar power in austin in 2020.

Homes with existing solar pv systems are not eligible to participate in this program. You re probably using austin energy as your utility. 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. Construction begins on pflugerville solar project edging austin energy closer to renewable energy goals.

There are many texas solar power incentives at all levels. Third party solar power purchase agreements ppas are not allowed in the austin energy service territory. When you use clean renewable solar power for your home or business you help reduce austin s carbon footprint and help protect the environment. 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.

See our residential solar incentive guidelines for more detailed information and. 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. 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.

Federal solar tax credit. Austin energy rebates incentives saving you money and energy. 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. Austin is a great place to go solar.

The series of graphs below shows the available capacity at the current incentive level for each austin energy solar incentive offering. Customer services 512 494 9400 outside austin call toll free. City of austin utilities online. Good for austin good for the environment.

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. Guadalupe valley electric cooperative garland power and light and the city of sunset valley all also offer rebates for homeowners in their areas. Renewable energy systems property tax.