Austin Solar Power Incentives

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.

Austin solar power incentives.

The solar investment tax credit itc is a federal tax credit that is a dollar for dollar reduction on income taxes. There are many texas solar power incentives at all levels. 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. You also contribute to the expansion of green jobs in the austin area.

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. Third party solar power purchase agreements ppas are not allowed in the austin energy service territory. Guide to solar power in austin in 2020.

Homes with existing solar pv systems are not eligible to participate in this program. It s a step down plan so now through december of 2020 the credit is 26. Leased solar pv systems are not eligible to participate in this program. Good for austin good for the environment.

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. Renewable energy systems property tax. Customer services 512 494 9400 outside austin call toll free. Let s start with the federal incentive.

Federal solar tax credit. City of austin utilities online. Austinites are embracing solar as a clean green alternative source of power. When you use clean renewable solar power for your home or business you help reduce austin s carbon footprint and help protect the environment.

Guadalupe valley electric cooperative garland power and light and the city of sunset valley all also offer rebates for homeowners in their areas. The tax break reduces. Construction begins on pflugerville solar project edging austin energy closer to renewable energy goals. Austin is a great place to go solar.

Austin energy rebates incentives saving you money and energy. See our residential solar incentive guidelines for more detailed information and. The series of graphs below shows the available capacity at the current incentive level for each austin energy solar incentive offering.