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Texas renewable energy offers top incentives for homeowners like Texas Net Metering and the federal solar tax credit. There are many rebate and incentive programs available, including:

Austin Energy: If you live in Austin, you can get a rebate of $2,500. 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.

CPS Energy: If you’re a CPS Energy customer, you can receive up to $1.20/W of solar panels that you install on your roof. 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.

Texas Net Metering: While Texas doesn’t have a statewide net metering policy, many utilities have policies that credit owners. If your utility has a net metering policy, you receive credits on your electric bill for all of the extra electricity your solar systems produce. When your panels aren’t producing enough electricity to meet your use (like at night or if it’s cloudy outside), you can draw on those Texas net metering credits instead of buying electricity from the utility.

The Federal Solar Tax Credit: You can reduce the cost of your PV solar energy system by 26 percent. This is a federal solar incentive that applies to those who buy their PV system outright, either through cash or a solar loan, and have enough income for the tax credit to be meaningful.