Looking to save money on your energy bills by going solar, without spending an arm and a leg on the upfront cost of installation?
Thanks to dropping prices of solar panels, valuable rebates, and federal tax incentives, going solar is more affordable than ever. Solar prices in Texas have dropped as much as 36% over the past five years, and local utility companies are paying up to 50% of installation costs upfront to home and property owners who are installing solar.
Add to that the 26% federal solar tax credit, and it’s no wonder so many people in Texas are going solar.
Available Solar Rebates In San Antonio
If you’re considering installing solar panels on your home or property in San Antonio, TX, it’s important to know about the valuable solar rebates that local utility companies are offering. Currently, CPS customers can receive the following rebates from CPS Energy.
CPS ENERGY SOLAR REBATE INCENTIVE PROGRAM
CPS Energy allocated an additional $15 million for solar rebates starting December 3, 2018. CPS Energy will pay a flat rebate of $2,500 per project, plus $500 for locally-produced panels, like Mission Panels.
For commercial projects, CPS Energy will pay $0.60/Watt for the first 25kW, $0.40/Watt over 25kW plus an additional $0.10/Watt for locally-produced panels.
General incentive applies to qualifying commercial and residential projects. All rebates are capped at 50% of the project cost.
Available Solar Rebates In Austin
For home or property owners in Austin, TX who are considering going solar, there are also valuable solar rebates that are being offered by local utility companies. Currently, Austin homeowners can receive rebates from Austin Energy.
Austin Energy Residential Solar Program
Austin Energy is offering a flat $2,500 rebate to customers who take part in a new solar education program and install a system of at least 3.6 kW at their home. Homeowners are encouraged to check the website for the latest program information.
Available Solar Rebates in Rio Grande Valley
Customers of AEP Texas can take advantage of the SMART Source Solar PV Program. This program is designed to help homeowners meet a portion of their energy needs with solar energy systems with financial incentives to help offset the initial cost of investing in a solar PV system.
AEP Texas SMART Source Solar PV Program
Both AEP Texas Central and AEP Texas North residential customers can receive fixed incentives ranging from $1,500 to $3,000 based on the size of their system and commercial customers can receive $0.50/watt up to 25kW and $0.25/watt for 25kW-200kW systems.
Save Big With CAM Solar
With these rebates and incentives, a solar electric system is a more valuable investment than ever before. Even after saving on the initial cost of your solar installation, you’ll save on your energy bills and increase your property’s value, all with a reduced carbon footprint.
With CAM Solar, saving when you go solar is simple. We are an award-winning solar design and installation team, and we will make the process of qualifying for rebates easy by handling the entire paperwork process for you. Because we are a registered contractor with local Texas utility companies and understand the details of these local rebates, we can help you to determine the right system size and type for the most cost-effective solution.