Most customers who install Solar Power Systems at their residence in the San Antonio area can take advantage of the following rebates and tax credits. During our free on-site evaluation, we’ll explain these programs and help you understand how much they will benefit your bottom line.
CPS Energy Solar Energy Rebate
According to CPS Energy, the following Rebate is available for local residential customers:
Residential – $1.60 per AC Watt up to $25,000 or 50% cap — whichever is less. This rebate offering is available for residential solar PV installations.
- Maximum rebate is $25,000.
- Additional eligibility requirements:
- PV array installed by a CPS Energy certified contractor with local (CPS Energy service territory) presence. Local presence defined by a facility in the name of the solar contractor’s business with an associated CPS Energy electric account for that location.
- This solar rebate offering is not available for client leased equipment installations or other financing options that remove the client’s upfront investment in order to own the PV array. The client’s investment amount required is at least the invoice cost of the PV system less the CPS Energy rebate. Solar PV array installations funded via federal or state grants obtained by the customer are exempt from this requirement.
More details are available at CPS Energy.
Solar Energy Federal Tax Credit
The following excerpt was taken from EnergyStar.gov on how to apply for a solar power Federal Tax Credit:
Tax Credit: 30% of cost with no upper limit
Expires: December 31, 2016
Details: Existing homes & new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify.
Solar Panels (Photovoltaic Systems)
Solar Panels or Photovoltaic Systems are solar cells that capture light energy from the sun and convert it directly into electricity.
Photovoltaic systems must provide electricity for the residence, and must meet applicable fire and electrical code requirement.