Texas State Solar Incentives
Texas is a state that's known for its sunny climate, which makes it an ideal place for homeowners to invest in solar energy. To encourage more people to switch to renewable energy, the state offers a range of incentives to help make the transition more affordable. These include federal tax credits and property tax exemptions as well as local governmental and utility rebate programs in certain areas.
Here are the different incentives available for residential solar in Texas, and how homeowners can take advantage of them to make the switch to clean, renewable energy.
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Texas State Electric Rates
Out of the 50 states, the electricity rates in Texas land right in the middle. The state is 25th for cost of electricity. The more expensive electricity is in a given state, the more financially feasible a move to solar is. A state's electric rates are one of the key factors in predicting whether an investment in solar panels makes sense.
Federal Tax Credit
Homeowners in Texas are eligible for the Federal Tax Credit for residential solar systems. This tax credit offers 30% ITC (Investment Tax Credit) on the total cost of the solar system, which can be used to offset the homeowner's federal tax liability.
Property Tax Exemption
In Texas, the property tax code permits a 100% exemption on the appraised value increase resulting from the installation of a solar system. This means that homeowners won't have to worry about higher property taxes due to the value added by their solar system.
Green Power Rebates
Several local governments and utilities across the state of Texas offer rebate programs for newly installed residential solar systems. These rebates can help offset the cost of installing a solar system, making it more affordable for homeowners. Homeowners should check with their utility company to see what incentives are available in their area.
Net metering is an incentive used to offset power bills and provide credits on excess energy generated by a solar system. While the state of Texas doesn't require utility companies to offer net metering, there are several throughout the state that offer some form of net billing or surplus generation buyback programs. Homeowners should check with their utility company to see what incentives are available in their area.
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HOW IT WORKS
With long hours of sunshine and a range of state and federal incentives it's more affordable than ever to get solar. Revolution Solar is here to help you make the switch and start saving on your monthly energy bills. We'll make it as easy as 1 - 2 - 3!
During your free consultation, we'll help you find all the incentives available to you.
DESIGN YOUR SYSTEM
We'll design your system virtually - so you don't even have to leave your home.
Easy, stress-free installation with no up-front costs, and a best-in-industry warranty.