Bringing Clean Energy to El Paso
Everything’s bigger in Texas and the abundance of sunshine in El Paso, Texas is no exception! Combine that with lower-than-average solar costs and it’s the perfect combination for residents who want to go solar and save on their monthly utility bills.
The Lone Star State is at the heart of our nation’s energy industry and plays a pivotal role in the electric industry as well. Homeowners across the state have access to rebate programs and special policies that will save them thousands on the cost of installing a solar system (in addition to their monthly savings on their energy bills).
Solar Benefits in El Paso
Solar Incentives & Rebates in El Paso, Texas
According to the Solar Energy Industries Association, Texas is ranked as a top 10 state for solar with its plentiful sunshine and affordable solar options. Here are some of the major rebates and incentives available to El Paso homeowners who are ready to go solar and save:
While there’s currently not a statewide net metering policy in Texas, there are utility companies (including El Paso Electric) in the state with policies that credit homeowners who install solar on their roof. When those panels don’t produce enough energy to power their homes (on cloudy days or at night, for example), residents can use their accumulated net metering credits instead of paying the utility company for electricity.
Federal Solar Tax Credit
You can reduce the cost of your solar photovoltaic (PV) system by 26% with the Investment Tax Credit (ITC) when you purchase your system with a solar loan or cash.
Property Tax Exemption
Texas residents can enjoy the increase in home value that going solar brings without paying higher property taxes thanks to the renewable energy property tax exemption.
Solar Rights Law
Many times, residents who live in a neighborhood with a homeowner’s association (HOA) need approval or are prevented from adding solar panels on their roof. Texas has a solar rights law in place that prevents HOAs from banning solar panel installations on residents’ homes.
CPS Energy customers are eligible to receive up to $1.20/W of solar panels installed on their roof. As more solar is installed, the incentive value drops so going solar sooner rather than later can yield a higher return.
Flexible Options are Available So You Can Start Saving From Day 1
The Quickest Path To Solar
When you purchase solar outright, you have complete access to federal, state, and local solar initiatives, where available.
Own Your System With Payments
Your system is purchased outright and you make payments on your loan.
No Up-Front Cost & Easy Approval
Leasing your system typically offers immediate utility savings and leads to increased savings over time as traditional energy costs rise.