Your Neighbors Are Saving With Solar. Why Aren’t You?
Solar Incentives in the Lone Star State
We believe that green is gold. Our goal, like yours, is to make a positive environmental impact that makes economic sense.
30% Federal Tax Credit
The investment tax credit (ITC), also known as the federal solar tax credit, allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes. Don’t wait! The federal ITC steps down to 22% at the end of 2023 and then it’s gone forever.
Property Tax Exemption
As a Texas homeowner, you know that property tax exemptions can be a pretty big deal. So you’ll be happy to hear The Lone Star State offers a solid property tax exemption for home solar systems owners. Meaning, the resulting boost in your home value from installing a system — which could increase by 4% or more — will be exempt 100% from your property tax increase.
For more incentives in your area. Visit the Database of State Incentives for Renewables & Efficiency (DSIRE) website
Learn more about CPS Energy rebates.Your Home Value Goes Up Up Up
Having a residential solar energy system on your home is a ‘capital improvement’ which adds to your property’s value. This means that you can potentially sell your home faster and for more than homes without solar. Your investment in efficient, clean solar power also adds to the tax basis of your home. When you sell the home, this tax basis investment can be deducted from the sales price, reducing the taxable profit on the sale. This may help you avoid capital gains taxes on appreciation.
