Austin Energy Solar Panel Rebate

Earn an austin energy rebate of 2 500.

Austin energy solar panel rebate.

Austin energy offers their customers an upfront solar rebate of 2 500 when they install a qualified solar panel system. Construction begins on pflugerville solar project edging austin energy closer to renewable energy goals. Plus you re eligible for austin energy s value of solar tariff which pays you 0 097 for every kilowatt hour kwh your solar panels can generate. Construction begins on pflugerville solar project edging austin energy closer to renewable energy goals.

The tax break reduces. Instead of traditional net metering austin energy has implimented what is called a value of solar rate. With the austin energy residential solar rebate program you can. Austin energy s value of solar.

Other incentives for solar accelerated depreciation. Reduce your energy bill. Get the knowledge you need to make an informed decision. Only the participating contractors listed here are eligible to offer and apply for austin energy incentives on behalf of our customers.

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. Thanks to accelerated depreciation businesses can write off the value of their solar energy system through the modified accelerated cost recovery system macrs which reduces businesses tax burden and accelerates returns on solar investments qualified solar energy equipment is eligible for a cost recovery period of five years. Austinites are embracing solar as a clean green alternative source of power.

How to earn a rebate. Austin energy rebates incentives saving you money and energy. That s an awesome rebate that can substantially decrease the cost of gonig solar. Austin energy wants to help you have the best experience and make the best investment possible.

Customer services 512 494 9400 outside austin call toll free. Austin energy credits residential solar production at the current value of solar rate of 9 7 cents per kwh effective january 1 2018. The series of graphs below shows the available capacity at the current incentive level for each austin energy solar incentive offering. How to use this list.

If you choose to lease your solar pv system you are not eligible for a rebate. When you use clean renewable solar power for your home or business you help reduce austin s carbon footprint and help protect the environment. If you re a cps energy customer you can receive up to 1 20 w of solar panels that you install on your roof. 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.

However you will receive a vos credit on your bill for every kilowatt hour generated by your leased solar pv system. You also contribute to the expansion of green jobs in the austin area.