There hasn’t been a better time to go solar than right now! Going solar not only saves you money for now but can also get you sizeable rebates to make your investment even more worthwhile. If you’ve been considering using the Texas sunshine to help improve your energy independence and lower your utility bills by installing solar panels, the federal and state, and local governments are making it more affordable by offering tax credits and rebates to homeowners who invest in solar.
The federal residential solar energy credit is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a solar photovoltaic (PV) system. In 2022, Congress passed the IRA (Inflation Reduction Act), which increased the tax credit on solar and battery backup from 26% to 30% and extended that tax credit to December 31st of 2032. The IRA also provides for 30% direct payment of 30% of the total cost of solar and backup for non-profits, churches, schools and other entities that were earlier ineligible for these credits due to the fact that these entities pay federal taxes. Click Learn More to get more information on the federal solar energy credit.
CPS Energy has allocated funds for solar rebates so that if you choose solar you can get your money back.
For residential projects, the rebate is $2500 per project, with a $500 premium for projects utilizing local modules.
For commercial projects, the rebate is $0.60 per AC Watt for the first 25kW, $0.40 per AC Watt for kW over 25, and a $0.10 per AC Watt premium for projects utilizing local modules.
Click Learn More to get more information on CPS Energy Rebate.
Austin Energy provides solar education to help you become an informed shopper and offers a rebate to help you with your purchase. You can earn a $2,500 rebate by completing the solar education course and installing a qualifying solar photovoltaic (PV) system on your home. The Austin Energy Solar Education Course gives you the knowledge you need to have a positive solar experience. Click Learn More to get more information on the Austin Energy Rebate.
Take Advantage of Massive Rebates, and the 30% Tax Credit before they Expire.
