Rebates/Incentives
Local programs offer financial incentives that help offset the initial cost of installing a solar energy system. By installing solar on your home or business, you can generate a portion of your own electricity & help the environment.
There are several available federal and local incentives that assist with the cost of switching to solar energy.
Many homeowners qualify for a Solar Investment Tax Credit while utility companies also offer Renewable Energy rebate programs.
Solar panel companies like Central Texas Solar can help!
Service Area
CPS Energy
The solar rebate program has been supporting the adoption of solar in our community since 2009. As the cost of solar has declined over the 3 years, the rebate has become a smaller part (less than 10%) of the cost of installing a system. This signals to us that the solar rebate has served its purpose, and with the launch of our new energy efficiency and conservation program, we will re-direct the dollars to other, newer customer programs.
There are federal tax incentives for installing solar and we recommend seeking the advice of a tax consultant to learn more. Customers can also visit energy.gov for additional information.
Blue Bonnet Electric Coop
Bluebonnet covers the following service area:
https://bluebonnet.coop/economic-development/map-and-regional-resources
How it works
Most members with solar and wind systems still purchase energy from Bluebonnet each month. Any Bluebonnet electricity consumed is priced at the standard rate category. Any overproduction – kilowatt hours returned to the grid – is paid back at a rate that is based on costs from wholesale power providers as well as any cost savings from the distribution and transmission of power.
In addition, any overproduction by a member will be credited to their next monthly bill.
New Braunfels Utility
New Braunfels Utility offers energy efficiency, water conservation, and solar rebates. NBU pays the solar rebate of up to $3,000 as a bill credit after the system inspection.
High Energy Bills?
“If you have been frustrated with the rising energy bills or have been curious about the benefits of clean renewable energy, it’s time to turn sunshine into savings with solar power.
Here are just a few of the main reasons people are switching to solar panels in Texas:
We’re walking on sunshine
Solar energy is one of the most underrated and underutilized forms of energy in the world.
Did you know that a very small fraction of the energy that the sun produces in one hour could meet the global energy needs for a whole year?
In Texas alone, there are an average of 205 sunny days.
Any ideas about what can be accomplished with that many sunny days other than sweat stains?
Turning that Texas sunshine into power for your home!
According to the Solar Energy Industries Association (SEIA), Texas ranks #2 in the nation for solar power, with over 100,000 installations and enough solar power installed in the state to power 903,957 homes. Power outages can be unpredictable, inconvenient, and overall frustrating. When you choose to go solar, you can include a solar battery in your installation to maintain power and safeguard your home.
Money doesn’t grow on trees…
But it can be saved with solar energy!!
The cost of solar system installation in Texas has decreased dramatically over the years. According to the SEIA, prices have fallen 45% over the last 5 years. Depending on how you choose to finance the project, there can be little to no upfront cost while simply redirecting your monthly payment from the utility company to your finance company of choice.
The amount you save on your monthly bill will depend largely on the size of your solar system and the level of electricity usage on your premises. Additionally, if your solar system is connected to the grid, you may get paid for generating power as well.
There are various local and federal incentives available now to make the switch to solar.
CPS Energy and several other surrounding utility companies offer a rebate program depending on the system size and module manufacturer selection.
Many Texas homeowners may also be eligible to claim a Solar Investment Tax credit of 30% of their gross system cost until 2022. Between this abundant, ever-renewing resource and the current incentives, there is no better time to switch to solar panels in Texas.