Want to go solar but worried about the cost of a solar installation? Rebates and incentives can make your solar panel installation more affordable!
Texas Engineered Solar is a trusted local solar company near you in San Antonio, and we can help you take advantage of all the best local, state, and federal solar incentives. With excellent incentives and zero-down, low-interest financing available, solar energy installation is more affordable than ever for your San Antonio home or business.
San Antonio Solar Incentives
There are not currently any San Antonio-specific solar incentives available. CPS has offered rebates for residential and commercial solar installation in the past, but the CPS solar rebate program ended on December 16, 2022.
CPS claims it will continue to provide rebates for targeted customer groups, including small businesses, non-profit organizations, schools, and low-to-moderate income (LMI) customers in future programs.
NBU and GVEC are not currently offering a solar rebate program.
Solar Incentives in Texas 2022
The excellent solar incentives in Texas are just one of the many reasons why we are one of the best states in the country for solar energy.
Texas doesn’t have a state-wide net metering policy, but many Texas utility companies offer net metering, including CPS, NBU, and GVEC. Net metering allows you to become an energy trader instead of an energy buyer. As a participant, you’ll be able to send excess electricity from your solar panels to the electric grid. In return, you’ll receive a credit to your account that can be used to offset the cost of any grid-generated electricity you use.
Solar Energy System Property Tax Exemption
Installing solar panels can and likely will increase the value of your home. Higher property values usually mean higher taxes, but Texas has a property tax exemption for solar panels. If your solar panels add value to your home, you won’t have to pay higher property taxes as a result.
30% Federal Solar Tax Credit
The federal solar tax credit, formally known as the solar Investment Tax Credit or ITC, is the best federal solar incentive program currently in existence. The solar tax credit allows you to reduce your federal tax liability by 30% of your total solar installation costs with no cap. It’s available for both residential solar and commercial solar projects.
The 30% solar tax credit is available until 2032. It will be reduced to 26% in 2033 and again to 22% in 2034.
The benefits of a solar loan far outweigh the benefits of a lease and for most homeowners, financing is a better option. If you are a CPS customer, you cannot lease your solar panels.
Start Your San Antonio Solar Installation Today
Solar power gives you freedom and independence from high energy costs and fluctuating electricity rates. Texas Engineered Solar can help you take control of your own electricity production with solar panels and solar battery storage for your San Antonio home or business. We are a local, veteran-owned solar company in TX helping local homeowners and businesses take advantage of lower energy costs and greater independence.
We are a small, owner-operated team that makes solar installation simple and straightforward. We’ll give you the real facts about solar, help you understand how much you can realistically expect to save on your energy bills, and give you a fair, honest solar installation price.