Search

Texas renewable energy: solar offers top incentives for homeowners


Texas net metering

Although Texas doesn’t have a statewide net metering policy, many utilities in the state (including El Paso Electric, the City of Brenham, CPS Energy, and Green Mountain Energy) have policies that credit owners of solar energy systems for the electricity that their panels produce. If your utility has a net metering policy, you receive credits on your electric bill for all of the extra electricity your solar panels 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.

Solar rights law

If you live in a neighborhood governed by a homeowners’ association (HOA), also known as a property owners’ association, you might be worried that HOA regulations will keep you from being able to go solar. Luckily, Texas has a solar rights law that prevents HOAs from banning solar energy systems on their properties, so you can go solar with confidence.

Federal Investment Tax Credit (ITC) for solar

When you’re considering going solar, don’t forget about the federal tax credit for solar – it’s one of the best incentives in the country. You can reduce the amount you pay in taxes by 26 percent of the cost of your solar panel system. That means that if your system costs $10,000, you get a $2,600 credit on your federal taxes.

2 views

© 2014 The Rhyno Crash

  • Facebook Basic Black