Go Solar In Austin And Earn A Nice Rebate From Austin Energy
Update-3 10/10/16: Maximum incentive was decreased from $0.80 per DC-Watt to $0.70 per DC-Watt
Update-2 12/4/15: Maximum incentive was decreased from $0.90 per DC-Watt to $0.80 per DC-Watt
Update-1 8/25/15: Maximum incentive was decreased from $0.10 per DC-Watt to $0.90 per DC-Watt
Are you interested in installing solar panels on your Austin Texas home? You’re in luck!
Austin Energy’s $8,435 Dollar Solar Rebate
Austin homeowners have access to one of the best solar incentives in the state! Under Austin Energy’s Solar PV Rebate Program homeowners can receive up to $8,435 dollars worth of incentives toward the cost of installing solar panels on a residence.
According to their website, Austin Energy offers residential customers a rebate of $.70 per watt-DC, or $700 per kW-AC. You may be eligible to receive rebates for up to 12.05 kW of photovoltaics.
Locations eligible for the Austin Energy Solar Rebate
Austin Energy’s territory covers the metropolitan Austin area. The map below shows locations within the Austin Energy service area eligible for the solar rebate:
To qualify for the Austin Energy Solar Rebate:
- You must be an Austin Energy residential customer.
- You must own the property where the solar PV system will be installed.
- You must own the PV system. Leased PV systems do not qualify for rebates.
- Solar PV systems must be connected to an electric service panel associated with an Austin Energy residential utility account.
- You must use an Austin Energy participating company, like Alba Energy.
PLEASE NOTE: This rebate has been getting smaller and smaller in past months, and is expected to disappear over time. When it runs out it’s gone forever! This solar rebate program has a limited capacity and is expected to fill up quickly. The Austin Energy solar rebate WILL run out, and is available on a first-come, first-serve basis while funds last.
No Cash? No Problem!
Thanks to this incredible utility rebate you may be able to go solar and pay less for power than you currently pay each month! That is, the cost of your new power bill + the monthly solar finance cost may be less than your current power bill!
Austin Energy Solar Case Study Example
7.5 kW Solar Energy System
$28,500 Total Cost
Less $5,250 Austin Energy Rebate
Less $6,750 Federal Tax Credit
$16,500 Financed Amount
Annual Energy Savings $1,500 (Year 1)
Annual Energy Savings $1,600 (After Year 10)
Annual Loan Payment $1,500
For $125 per month you can power your home with a 7.5 kW solar power system!
Want more information?
Speak with an Alba Energy solar representative for details. Click here to request a free consultation about going solar in Austin. Don’t wait! The Austin Energy rebate decreases over time which means you may not get to take advantage of the full $8,435 dollar incentive!
*Austin Energy Solar Case Study Assumptions:
Austin Energy Current Rebate Levels and Availability subject to change
Federal Tax Credit based on 30% of Net System Cost after Austin Energy Rebate
Annual Savings will depend on the orientation of system
Annual Loan Payments may vary based on an individual’s credit score