Available Incentives
183 Solar can assist you with federal tax credits and local incentives targeted towards your solar system
Tax Credits and Incentives
A variety of incentives, ranging from tax credits to rebates to bill credits from your electric provider, can help make the economics of solar even better! A full database of incentives is available at the Database of State Incentives for Renewables & Efficiency (DSIRE), including incentives specific to individual retail electric providers and utilities. Here are listed incentives that are widely available in Texas, including deregulated Oncor service territory. If your property is in a municipal utility or electric cooperative boundary, check the DSIRE website for more incentives. Also inquire with your financial institution to find out if they offer special rates for energy efficiency projects.
Additional Opportunities for Residential Installations
- Oncor Solar PV Standard Offer Program: Both residential and commercial customers in Oncor service territory can qualify for incentives.
- Renewable Energy Buy-Back Programs: Customers in deregulated areas (Oncor service territory) can choose a retail electric provider that buys back excess power produced during the billing period. To find available buy-back plans, visit the Power to Choose website.
Additional Opportunities for Commercial Installations
- Federal Tax Credit: The Residential Renewable Energy Tax Credit of 30% of the total project cost (no maximum) is available for a variety of renewable energy projects, including solar PV. Section 13302 of The Inflation Reduction Act of 2022 (H.R. 5376) extended the expiration date to 2035 and modified the phase down of this tax credit. Systems must be powered on by the expiration date to qualify.
- Property Tax Exemption: Texas law allows a property tax exemption for solar installations – so while solar increases the value of your property to a prospective buyer, your property taxes won’t increase!