Austin Solar Power Incentives

Austinites are embracing solar as a clean green alternative source of power.

Austin solar power incentives.

In addition to the pbi the solar energy that you generate will reduce your bill by decreasing the energy you purchase from the grid. Good for austin good for the environment. Renewable energy systems property tax. You also contribute to the expansion of green jobs in the austin area.

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. Construction begins on pflugerville solar project edging austin energy closer to renewable energy goals. Federal solar tax credit. When you use clean renewable solar power for your home or business you help reduce austin s carbon footprint and help protect the environment.

Third party solar power purchase agreements ppas are not allowed in the austin energy service territory. 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. The series of graphs below shows the available capacity at the current incentive level for each austin energy solar incentive offering. The solar investment tax credit itc is a federal tax credit that is a dollar for dollar reduction on income taxes.

Customer services 512 494 9400 outside austin call toll free. Austin is a great place to go solar. The most significant incentive to install solar panels for homes and businesses is the federal solar tax credit at the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation. It s a step down plan so now through december of 2020 the credit is 26.

Guadalupe valley electric cooperative garland power and light and the city of sunset valley all also offer rebates for homeowners in their areas. Like austin energy the value of the incentive drops as more solar is installed so now s the time to go solar if you are in the cps energy service area. You re probably using austin energy as your utility. See our residential solar incentive guidelines for more detailed information and.

City of austin utilities online. Homes with existing solar pv systems are not eligible to participate in this program. The combination of austin energy s value of solar program and the state s high average electricity usage makes solar an excellent investment in austin. Leased solar pv systems are not eligible to participate in this program.

Let s start with the federal incentive. Austin energy rebates incentives saving you money and energy. Guide to solar power in austin in 2020.