Financing

UTILITY REBATES

In today’s renewable energy friendly climate, there are some great utility provided incentives that will reduce your system cost. Rebates for a PV installation vary by utility, but the relevant ones in our area:

Austin – Austin Energy: Provides a $2.50/watt rebate up to $15,000 per residence. New energy efficiency requirements are also required as well. This covers around 40% of the total installation cost.

Dallas – Oncor: Provides a $2.46/watt rebate up to $24,600 per residence or $2.24/watt rebate up to $224,000 for businesses. This covers around 40% of the total installation cost.

San Antonio – CPS Energy: Provides a $3.00/watt rebate up to $30,000 per residence or $100,000 per business. This covers over 40% of the total installation cost.

Additional utilities that provide rebates as well. A complete list of TX rebates are found here.

FEDERAL TAX CREDIT

Recent federal legislation enacted this year provides a 30% tax credit for homeowners and businesses on the cost of a PV system or solar hot water system. Please consult with us on how to apply this credit.

LOANS

For Austin area residents, Austin Energy has partnered with Velocity Credit Union to provide low-cost loans. We can help you secure funding for your project.