The Solar Investment Tax Credit (ITC) is a federal tax credit that is a dollar for dollar reduction on income taxes. It’s a step-down plan, so now through December of 2019, the credit is 30%. From the 1st of 2020 however, the credit decreases. For the entirety of 2020, it will equal 26%. The ITC then decreases to 22% throughout 2021, and down to 10% for any completed project after January 1st of 2022. The sooner you act, the more money you will save.
CoServ serves Northern Texas and offers a periodic solar rebate. The 2018 rebate (effective June 1st) offers $.45 per KwH, with a maximum of $4,500 per residential Member and $30,000 per commercial Member.
City of Plano Rebate
City of Plano in Dallas Ft Worth will pay a cash rebate of 25% of the cost of the system up to $5,000. Homes must be valued under $350K and built before 1986.
Austin Energy is currently offering a flat $2,500 rebate for those that go solar, as well as net metering. Residential customers receive a Value of Solar credit on their monthly bill for every kilowatt-hour (kWh) of electricity generated by their solar PV system, at the current rate of 9.7 cents per kWh (effective January 1, 2018).
CPE serves the Houston area. They do not offer a solar rebate. However, they do rebates to home builders, with more info here.
Denton Municipal Electric
DME does offer a solar incentive. While the funds are limited, the rebate is renewed in October.
Garland Power & Light
GP&L offers bill credits for those who install solar. The rebate will be renewed in October of this year.
Oncor Electric Delivery
Oncor does offer a residential solar rebate, depending on where you live. The average rebate is $0.4/watt. The solar rebate is renewed annually at the beginning of the year.
Did you purchase a solar system and tell your friends & family about it? Would you like to be rewarded? We can help with that! We offer a $500 cash referral reward to any current or past customer who refers to our new business.
Take Five Steps
To The Sunny Side
1. Get a free consultation.
Talk to our Solar Experts and see if it’s right for you. We’ll begin with a look at your roof and a review of your energy usage. If your home qualifies, we’ll prepare a free, customized quote and preliminary design that details your individual plan and options. Our Solar proposals are easy to understand and will include all the details needed to make an informed decision if solar is right for you.
2. Sign your agreement.
You’ll get a personalized agreement securing your solar energy costs for the next 20–30 years depending on your financing option. It’s a secured promise of costs and performance.
3. Receive a custom solar system design.
Within a few days, we will send one of our site supervisors to your property. We’ll examine your roof and take the measurements needed to design your system.
4. Schedule your installation.
We take care of all necessary permits and inspections. We get you up and saving as quickly as possible.
5. Flip the switch.
Once the utility company gives approval, your home and your face will light up instantly. Congratulations, you’re living a radiant life!
Get A Free Energy Consultation
Talk to our Solar Experts and see if it's right for you. We'll begin with a look at your roof and a review of your energy usage. If your home qualifies, we'll prepare a free, customized quote and preliminary design that details your individual plan and options. Our Solar proposals are easy to understand and will include all the details needed to make an informed decision if solar is right for you.