The investment return and savings that can be made by buying solar panels varies more by city and utility in Texas than in any other state in the country. This is largely due to the fact that Texas’s electric utilities are deregulated, making it possible for people in most cities to choose which retail electric provider they want to use. This causes a lot of variation in the types of solar incentives available for the people of Texas.
In some cities like Mc Allen , San Antonio, Corpus Christi, Brownsville , Harlingen and Weslaco an upfront utility rebates are abundant. 1-for-1 net metering programs offered by providers create a great environment for homeowners to install solar. These incentives, coupled with the 26% solar tax credit make it plausible to pay back the cost of the solar system installation in 8 years or less. What that means is that over the course of 8 years, you will have saved as much as you paid for the system.
In other cities, utilities and providers do not offer upfront rebates or 1-for-1 net metering. The payback for systems in these areas can take up to 15 years. But we have broken this barrier with new technology that stores the energy rather than sending it back to the grid at a lower cost. Call our design team for details.