State ID
The Texas solar energy industry has seen rapid growth in recent years. Texas is ranked 2nd in the country, based on the total amount of solar electric capacity installed and in operation (SEIA 2021), with more than 4 GW of capacity expected to be installed over the next five years.
Solar Incentives
If you live in Austin, you can get a rebate of $2,500. Plus, you’re eligible for Austin Energy’s Value off Solar Tariff, which pays you $0.097 for every kilowatt-hour (kWh) your solar panels generate. If you’re a CPS Energy customer, you can receive $2,500 for installing solar panels on your home’s roof. You’re also eligible for an extra $500 if you install locally-sourced solar panels. Guadalupe Valley Electric Cooperative, and the City of Sunset Valley also offer rebates for homeowners in their areas. Texas has a renewable energy property tax exemption so that residents of the Lone Star State don’t pay extra taxes as a result of the value that their solar panels add to their homes. Many utilities in the state (including El Paso Electric, the City of Brenham, CPS Energy, and Green Mountain Energy) credit owners of solar energy systems for the electricity that their panels produce.Texas has a solar rights law that prevents HOAs from banning solar energy systems on their properties, so you can go solar with confidence. Plus, you qualify for the federal solar tax credit. You also qualify for the federal solar tax credit.
Frequently asked questions
FAQ
Growth Projection and Ranking: 20,339 MW over the next 5 years.
Total Solar Investment in State: 16.3 billion. As of March 2022, the average solar panel cost in Texas is $2.69/W
Given a solar panel system size of 5 kW, an average solar installation in Texas ranges in cost from $11,432 to $15,468, with the average gross price for solar in Texas coming in at $13,450.
Owning solar panels in Texas can bring a $3.00 increase per watt to your property’s value, according to local solar experts.
A few studies have shown that solar installations increase a home’s resale value by up to $6,000 for each kilowatt of solar panels installed, or by about 4.1% of the home’s value.
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