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Austin tx residents who switch to solar are eligible for these local, state and federal tax programs.
|Program Name||Program Type||Amount|
|Residential Renewable Energy Tax Credit||Tax Credit||30% before 2020 26% during 2020 22% during 2021|
|Residential Energy Conservation Subsidy Exclusion (Personal)||Tax Exemption||Full rebate amount excluded from taxable income|
|Renewable Energy Systems Property Tax Exemption||Property Tax Exemption||100% of increase in appraisal value from install is exempt|
|Austin Energy Residential Solar PV Rebate Program||Rebate||$.50/Watt- decreases as goals are met|
The main cost of a solar system is the panels, which will vary depending on your power and roof needs. Newer ones are expected to last 25 years in good conditions. Inverters tend to cost around $500 and usually need to be replaced in 5-10 years, but this will depend on the inverter type. Other costs include frames to hold the panels, wiring, etc, and are relatively small.
|Enphase Energy||392||M250-60-2LL-S2x (-ZC) (-NA) (240V)|
|SolarEdge Technologies||110||SE7600A-US (240V)|
|SolarEdge Technologies||107||SE6000 (240V)|
|SMA America||104||SB3000TL-US-22 (240V)|