Cps Rebates For Solar Panels

2 500 per project b.

Cps rebates for solar panels.

A solar power system becomes your primary power source with additional power seamlessly available from the cps energy power grid. Equipment rebates may include. Cps solar rebate caps. Each year a new cap and customer incentives is determined.

Solar generating your own clean power. The 15 million in solar rebates provided in this additional funding will be paid as follows. Solar offers top incentives for homeowners texas net metering. Our program can show you ways to save energy and improve your home value.

Cps energy s electric service territory is clustered in the san antonio area including bexar county and portions of its 7 surrounding counties including atascosa bandera comal guadalupe kendall and medina. San antonio homeowners in the cps energy service territory can receive up to 25 000 dollars worth of rebates toward the cost of installing solar panels on a residence. This program started out with tranche 1. Cps has a solar rebate program.

What is the home energy rebate program. Homeowners receive a 2 500 rebate on the installation of a solar photovoltaic system. If you are a cps energy customer and own your own home you can receive valuable rebates for your upgrade projects to speed up your return on investment. Home tax credits rebates savings please visit the database of state incentives for renewables efficiency website dsire for the latest state and federal incentives and rebates.

If you buy your system in cash or with a solar loan that means you also get the tax credits rebates and srecs for the system however if you lease your system the third party owner will receive all of the solar incentives. Tranche 1 offered solar customers up to 1 20 per watt of energy there system could produce. So they can be a great way to boost a home s energy efficiency and environmental friendliness. These electric solar systems are becoming more affordable every day because of cps energy rebates and federal tax credits.

As of december 3 2018 cps energy allocated an additional 15 million of step funds to be distributed for solar rebates which extends the program until these funds are exhausted. 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. All of the financial benefits listed below go to the owner of the solar panel system. Businesses get a rebate of 0 60 per ac watt for the first 25 kw and 0 40 per ac watt per kw above 25 kw if you use locally made solar panels you get an additional 0 10.

The map below shows locations within cps energy territory that are eligible for the 2020 solar rebate light blue shading. 2019 launch of cps solar rebate cap. Solar photovoltaic pv systems convert sunlight to electricity. There is an additional rebate of 500 of you use locally produced solar panels.