Texas Solar Incentives and Policies
As more Texans are looking towards the sun for energy, it’s great to know there are plenty of incentives and policies to help you out. Whether you’re a homeowner, run a business, or work in a school or government building, solar power is becoming a popular choice.
Let’s go over the incentives and policies that make solar power not just a smart environmental choice but also a smart financial decision in Texas.
Texas is a big state with a big heart for solar power. From the Panhandle to the Gulf Coast, there are a bunch of great incentives and policies that make going solar a great deal.
These incentives can help lower the cost of installing solar panels and make it more affordable to harness the power of the sun. If you’re thinking about adding solar panels to your home or business, Texas is a great place to do it.
What Are Texas’ Policies and Incentives Around Solar Power?
Texas offers some sweet deals when it comes to solar power. The state encourages both homeowners and businesses to go green with solar energy.
There are tax breaks, rebates, and even special programs to help you get started. These incentives make solar power a smart choice for your wallet and the planet.
Receive 30% Back as a Federal Income Tax Credit
One of the biggest perks of going solar in Texas is the Federal Income Tax Credit. Right now, you can get back 30% of the cost of your solar system from your federal taxes. That’s more than a quarter of your investment back in your pocket.
This tax credit is a big help in making solar power more affordable. It’s like the government is pitching in to help you pay for your solar panels. The clean energy credit can be claimed by filing IRS Form 5695.
The 30% tax credit only lasts for solar panels installed between 2022 and 2033. This percentage will dip to 28% in 2034, followed by another drop to 26% in 2035. The credit is scheduled to expire after 2035.
How Much Can These Tax Credits Save You?
Saving 30% on anything is a big deal, especially an investment as important as solar power. If your solar system costs $10,000, the federal tax credit could save you $3,000.
That’s a lot of money back in your wallet. These savings make solar power a lot more doable for many Texans. It’s about being eco-friendly and budget-friendly at the same time.
Additional Incentives and Programs that You May Qualify For
Texas doesn’t stop at tax credits. Depending on where you live or what kind of property you have, you might qualify for even more benefits.
Homeowners can look into specific rebates from local utilities. Businesses might find grants or special financing options. And schools or government buildings could have unique programs just for them.
Each of these incentives can help lower the cost of going solar, making it an even smarter choice.
Request a Free Consultation to See Which Programs and Incentives You Qualify For
Figuring out all these incentives and programs can be tricky. That’s why it’s a great idea to talk to an expert.
Fusion Power offers free consultations to help you understand which solar incentives and programs you can use. We can help you figure out the best, most cost-effective way to get solar power for your property. We’ll be your solar guide and lead you through the process.
Ready to see how solar power can light up your life? Request a free consultation and explore your options.