One of the biggest reasons Austin homeowners look into solar is the combination of long-term savings and available incentives. This guide explains the main programs you should know about.
The federal solar tax credit (sometimes called the Investment Tax Credit) allows eligible homeowners to claim a percentage of their qualified solar installation costs as a credit on their federal income taxes.
This can apply to equipment, labor, and other associated costs for a qualifying system installed on your primary or, in some cases, secondary residence.
The tax credit does not reduce your price at the time of installation. Instead, it may reduce how much federal income tax you owe when you file, effectively lowering your net cost.
For example, if your solar system cost is quoted at a certain amount and you are eligible for the full credit, your after-credit cost may be significantly lower.
In addition to the federal credit, some utilities and local programs may offer:
These programs can vary by time and by utility provider, so it’s important to check what is currently available in your specific service area.
Incentives may be updated, reduced, or expanded depending on policy decisions, budgets, and program goals. That’s why quotes will often include a note about incentives being subject to change.
Many local solar installers in Austin are familiar with current incentives and can include projected benefits in your quote. They can often help you understand:
Get free quotes from local Austin installers and see how incentives and the tax credit could impact your net cost.
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