Live in another state? See all our Solar Incentives by
State
All of Texas can take advantage of the 26%
Federal Tax Credit, which will allow you to recoup 26% of
your equipment AND installation costs for an unlimited amount.
There may still be other local rebates from your city, county, or utility. Check below!
Texas Solar PV Rebates & Incentives
Data from DSIRE. Last updated: 05/19/2022
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Solar and Wind Energy Device Franchise Tax Deduction | Comptroller of Public Accounts | 04/27/15 | 05/19/22 | 81 |
Texas allows a corporation to deduct the cost of a solar energy device from the franchise tax in one of two ways:
Both taxable capital and a company's income are taxed under the franchise tax, which is Texas's equivalent to a corporate tax. For the purposes of this deduction, a solar energy device means "a system or series of mechanisms designed primarily to provide heating or cooling or to produce electrical or mechanical power by collecting and transferring solar-generated energy. The term includes a mechanical or chemical device that has the ability to store solar-generated energy for use in heating or cooling or in the production of power." Under this definition wind energy is also included as an eligible technology. Texas also offers a franchise tax exemption for manufacturers, seller, or installers of solar energy systems which also includes wind energy as an eligible technology. | |||||||||||||||||||||||||||||||||||||||||||||||||
Solar and Wind Energy Business Franchise Tax Exemption | Comptroller of Public Accounts | 07/16/21 | 05/19/22 | 82 |
Companies in Texas engaged solely in the business of manufacturing, selling, or installing solar or wind energy devices are exempt from the franchise tax. The franchise tax is Texas’s equivalent to a corporate tax. There is no ceiling on this exemption, so it can be a substantial incentive for solar and wind businesses. | |||||||||||||||||||||||||||||||||||||||||||||||||
Renewable Energy Systems Property Tax Exemption | Comptroller of Public Accounts | 07/08/20 | 05/19/22 | 173 | The Texas property tax code allows an exemption of the amount of 100% of the appraised property value increase arising from the installation or construction of a solar or wind-powered energy device that is primarily for the production and distribution of thermal, mechanical, or electrical energy for on-site use and devices used to store that energy. Solar energy devices installed or constructed on or after January 1, 2014, used for a commercial purpose are subject to the cost method of appraisal, and the depreciated value must be calculated using a useful life of 10 years or less (H.B. 2500). Eligible Technologies "Solar" is broadly defined and includes a range of biomass technologies. "Solar energy device" means an apparatus designed or adapted to convert the radiant energy from the sun, including energy imparted to plants through photosynthesis employing the bio-conversion processes of anaerobic digestion, gasification, pyrolysis, or fermentation, but not including direct combustion, into thermal, mechanical, or electrical energy; to store the converted energy, either in the form to which originally converted or another form; or to distribute radiant solar energy or the energy to which the radiant solar energy is converted. "Wind-powered energy device" means an apparatus designed or adapted to convert the energy available in the wind into thermal, mechanical, or electrical energy; to store the converted energy, either in the form to which originally converted or another form; or to distribute the converted energy. Process Those wishing to claim this exemption must fill out Form 50-123, “Exemption Application for Solar or Wind-Powered Energy Devices.” More information can be found in the Solar and Wind-Powered Energy Device Exemption and Appraisal Guidelines. | |||||||||||||||||||||||||||||||||||||||||||||||||
Business Energy Investment Tax Credit (ITC) | U.S. Internal Revenue Service | 02/24/21 | 05/19/22 | 658 | Note: The Taxpayer Certainty and Disaster Tax Relief Act of 2020, signed in December 2020, extended the phase out of this tax credit for certain technologies. The bill also provides a 30% tax credit for offshore wind facilities in inland navigable waters or coastal waters of the United States for which construction commences prior to 2026. The federal Business Energy Investment Tax Credit (ITC) has been amended a number of times, most recently in December 2020. The table below shows the value of the investment tax credit for each technology by year. The dates are based on when construction begins.
In general, the original use of the equipment must begin with the taxpayer, or the system must be constructed by the taxpayer. The equipment must also meet any performance and quality standards in effect at the time the equipment is acquired. The energy property must be operational in the year in which the credit is first taken. | |||||||||||||||||||||||||||||||||||||||||||||||||
Residential Energy Conservation Subsidy Exclusion (Personal) | U.S. Internal Revenue Service | 05/16/18 | 05/19/22 | 666 | According to Section 136 of the U.S. Code, energy conservation subsidies provided (directly or indirectly) to customers by public utilities* are non-taxable. This exclusion does not apply to electricity-generating systems registered as "qualifying facilities" under the Public Utility Regulatory Policies Act of 1978 (PURPA). If a taxpayer claims federal tax credits or deductions for the energy conservation property, the investment basis for the purpose of claiming the deduction or tax credit must be reduced by the value of the energy conservation subsidy (i.e., a taxpayer may not claim a tax credit for an expense that the taxpayer ultimately did not pay). The term "energy conservation measure" includes installations or modifications primarily designed to reduce consumption of electricity or natural gas, or to improve the management of energy demand. Eligible dwelling units include houses, apartments, condominiums, mobile homes, boats and similar properties. If a building or structure contains both dwelling units and other units, any subsidy must be properly allocated. The definition of "energy conservation measure" implies that utility rebates for residential solar-thermal projects and photovoltaic (PV) systems may be non-taxable. However, the IRS has not ruled definitively on this issue. Taxpayers considering using this provision for a renewable energy system should discuss the details of the project with a tax professional. Other types of utility subsidies that may come in the form of credits or reduced rates might also be non-taxable, according to IRS Publication 525. | |||||||||||||||||||||||||||||||||||||||||||||||||
Modified Accelerated Cost-Recovery System (MACRS) | U.S. Internal Revenue Service | 08/21/18 | 05/19/22 | 676 | Note: The Tax Cuts and Jobs Act of 2017 increased bonus depreciation to 100% for qualified property acquired and placed in service after September 27, 2017 and before January 1, 2023. Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover investments in certain property through depreciation deductions. The MACRS establishes a set of class lives for various types of property, ranging from three to 50 years, over which the property may be depreciated. A number of renewable energy technologies are classified as five-year property (26 USC § 168(e)(3)(B)(vi)) under the MACRS, which refers to 26 USC § 48(a)(3)(A), often known as the energy investment tax credit or ITC to define eligible property. Such property currently includes*:
In addition, for certain other types of renewable energy property, such as biomass or marine and hydrokinetic property, the MACRS property class life is seven years. Eligible biomass property generally includes assets used in the conversion of biomass to heat or to a solid, liquid or gaseous fuel, and to equipment and structures used to receive, handle, collect and process biomass in a waterwall, combustion system, or refuse-derived fuel system to create hot water, gas, steam and electricity. Marine and hydrokinetic property includes facilities that utilize waves, tides, currents, free-flowing water, or differentials in ocean temperature to generate energy. It does not include traditional hydropower that uses dams, diversionary structures, or impoundments.
Bonus Depreciation Bonus Depreciation History
The 50% first-year bonus depreciation provision enacted in 2008 was extended (retroactively for the entire 2009 tax year) under the same terms by the American Recovery and Reinvestment Act of 2009 (H.R. 1), enacted in February 2009. It was renewed again in September 2010 (retroactively for the entire 2010 tax year) by the Small Business Jobs Act of 2010 (H.R. 5297). In December 2010 the provision for bonus depreciation was amended and extended yet again by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853). Under these amendments, eligible property placed in service after September 8, 2010 and before January 1, 2012 was permitted to qualify for 100% first-year bonus depreciation. The December 2010 amendments also permitted bonus depreciation to be claimed for property placed in service during 2012, but reverted the allowable amount from 100% to 50% of the eligible basis. The 50% first-year bonus depreciation allowance was further extended for property placed in service during 2013 by the American Taxpayer Relief Act of 2012 (H.R. 8, Sec. 331) in January 2013. The Tax Increase Prevention Act Of 2014 (H.R. 5771, Sec. 125), extended these provisions through to December 31, 2014, and thus retroactively for the 2014 tax year. | |||||||||||||||||||||||||||||||||||||||||||||||||
Residential Energy Conservation Subsidy Exclusion (Corporate) | U.S. Internal Revenue Service | 05/16/18 | 05/19/22 | 727 | According to Section 136 of the U.S. Code, energy conservation subsidies provided (directly or indirectly) to customers by public utilities* are non-taxable. This exclusion does not apply to electricity-generating systems registered as "qualifying facilities" under the Public Utility Regulatory Policies Act of 1978 (PURPA). If a taxpayer claims federal tax credits or deductions for the energy conservation property, the investment basis for the purpose of claiming the deduction or tax credit must be reduced by the value of the energy conservation subsidy (i.e., a taxpayer may not claim a tax credit for an expense that the taxpayer ultimately did not pay). The term "energy conservation measure" includes installations or modifications primarily designed to reduce consumption of electricity or natural gas, or to improve the management of energy demand. Eligible dwelling units include houses, apartments, condominiums, mobile homes, boats and similar properties. If a building or structure contains both dwelling units and other units, any subsidy must be properly allocated. The definition of "energy conservation measure" implies that utility rebates for residential solar-thermal projects and photovoltaic (PV) systems may be non-taxable. However, the IRS has not ruled definitively on this issue. Taxpayers considering using this provision for a renewable energy system should discuss the details of the project with a tax professional. Other types of utility subsidies that may come in the form of credits or reduced rates might also be non-taxable, according to IRS Publication 525. | |||||||||||||||||||||||||||||||||||||||||||||||||
Renewable Electricity Production Tax Credit (PTC) | U.S. Internal Revenue Service | 01/27/21 | 05/19/22 | 734 | Note: The Taxpayer Certainty and Disaster Tax Relief Act of 2020, signed in December 2020, extended the deadline for eligible systems to qualify for this tax credit. Wind projects started in either 2020 or 2021 will qualify for a production tax credit at 60% of the full rate on the electrical output for 10 years. Tax credits for other technologies may be claimed at the full rate. The federal renewable electricity production tax credit (PTC) is an inflation-adjusted per-kilowatt-hour (kWh) tax credit for electricity generated by qualified energy resources and sold by the taxpayer to an unrelated person during the taxable year. The duration of the credit is 10 years after the date the facility is placed in service for all facilities placed in service. Originally enacted in 1992, the PTC has been renewed and expanded numerous times, most recently by the Taxpayer Certainty and Disaster Relief Act of 2020. Amount The tax credit amount is $0.015 per kWh in 1993 dollars for some technologies and half of that amount for others. The amount is adjusted for inflation by multiplying the tax credit amount by the inflation adjustment factor for the calendar year in which the sale occurs, rounded to the nearest 0.1 cents. The Internal Revenue Service (IRS) publishes the inflation adjustment factor no later than April 1 each year in the Federal Register. For 2020, the inflation adjustment factor used by the IRS is 1.6687. Earlier legislation introduced a step down of the credit amount for wind, while phasing out the credit for other technologies. Subsequent legislation has pushed back the stepdown for wind and the phase out for other technologies. As such, the credit today includes a 40% step-down in the credit amount for wind, but other technologies can receive the full credit amount. Applying the inflation-adjustment factor for the 2020 calendar year, and the 40% step-down for wind, the production tax credit amount is as follows:
Duration The duration of the credit is 10 years after the date the facility is placed in service. Two exceptions applied to facilities placed in service more than a decade ago:
Investment Tax Credit in Lieu of Claiming the PTC Renewable energy facilities placed in service after 2008 and commencing construction prior to 2018 (or 2020 for wind facilities) may elect to make an irrevocable election to claim the Investment Tax Credit (ITC) in lieu of the PTC. Wind facilities making such an election will have the ITC amount reduced by the same phase-down specified above for facilities commencing construction in 2017, 2018, or 2019. Process for Claiming The credit is claimed by completing Form 8835, "Renewable Electricity Production Credit," and Form 3800, "General Business Credit." For more information, contact IRS Telephone Assistance for Businesses at 1-800-829-4933. Determination of Commencing Construction To claim the PTC, construction on an eligible project must have “commenced construction” prior to January 1, 2015. The IRS has issued guidance on how it will evaluate whether construction has commenced in IRS Notices 2013-29, 2013-60, 2014-46, 2015-25, and 2016-31 (please see the full text of these notices for complete information on determining the commencing of construction). The guidelines establish two methods—a “physical work” test and a 5% safe harbor (see sections below for details)—to determine when construction has begun on a qualified facility. Meeting the criteria of either method is sufficient to demonstrate that construction has commenced. Both methods require that a taxpayer make continuous progress towards completion once construction has begun by meeting the Continuous Construction Test (to satisfy the Physical Work Test) or the Continuous Efforts Test (to satisfy Safe Harbor). If a taxpayer places a facility in service during a calendar year that is no more than four calendar years after the calendar year during which construction of the facility began, the facility will be considered to satisfy the Continuity Safe Harbor Physical Work Test The physical work test provides that a taxpayer may establish the beginning of construction by beginning "physical work of a significant nature.” The physical work test is based on the nature of the work performed rather than the cost of the work; if the work performed is of a significant nature, then “there is no fixed minimum amount of work or monetary or percentage threshold required to satisfy the Physical Work Test” (Notice 2014-46). Notice 2013-29 provides several examples of actions that constitute work of a significant nature, including:
Safe Harbor Safe Harbor with respect to a facility is demonstrated by showing that 5% or more of the total cost of the facility was paid or incurred. | |||||||||||||||||||||||||||||||||||||||||||||||||
Energy-Efficient Mortgages | 08/05/20 | 05/19/22 | 742 |
Homeowners can take advantage of energy efficient mortgages (EEM) to either finance energy efficiency improvements to existing homes, including renewable energy technologies, or to increase their home buying power with the purchase of a new energy efficient home. The U.S. federal government supports these loans by insuring them through Federal Housing Authority (FHA) or Veterans Affairs (VA) programs. This allows borrowers who might otherwise be denied loans to pursue energy efficiency, and it secures lenders against loan default.
Loan amounts may not exceed the projected savings of the energy efficiency improvements. These loans may be combined with FHA 203 (h) mortgages available to victims of presidentially-declared disasters and with financing offered through the FHA 203 (k) rehabilitation program. FHA loan limits do not apply to the EEM. Borrowers must obtain a home energy assessment by a qualified energy rater, assessor, or auditor using whole-assessment standards, protocols, and procedures.
ENERGY STAR Partnership for Lenders | ||||||||||||||||||||||||||||||||||||||||||||||||||
USDA - Rural Energy for America Program (REAP) Grants | U.S. Department of Agriculture | $600 million for FY 2018 | 08/21/18 | 05/19/22 | 917 | Note: The U.S. Department of Agriculture's Rural Development issues periodic Notices of Solicitation of Applications for the Rural Energy for America Program (REAP) in the Federal Register. The FY 2018 solicitation for the REAP program includes a total budget of approximately $800 million. The Rural Energy for America Program (REAP) provides financial assistance to agricultural producers and rural small businesses in America to purchase, install, and construct renewable energy systems, make energy efficiency improvements to non-residential buildings and facilities, use renewable technologies that reduce energy consumption, and participate in energy audits and renewable energy development assistance. Renewable energy projects for the Renewable Energy Systems and Energy Efficiency Improvement Guaranteed Loan and Grant Program include wind, solar, biomass and geothermal, and hydrogen derived from biomass or water using wind, solar, or geothermal energy sources. These grants are limited to 25% of a proposed project's cost, and a loan guarantee may not exceed $25 million. The combined amount of a grant and loan guarantee must be at least $5,000 (with the grant portion at least $1,500) and may not exceed 75% of the project’s cost. In general, a minimum of 20% of the funds available for these incentives will be dedicated to grants of $20,000 or less. For more information on grant, loan guarantees, loan financing, and opportunities for combinations thereof, visit the USDA website. Application due dates are published annually in the Notice of Funding Availability. Eligibility Grants and Guaranteed Loans are generally available to small businesses and agricultural producers and other entities as determined by USDA. To be eligible for REAP grants and guaranteed loans, applicants must demonstrate sufficient revenue to cover any operations and maintenance expense as well as any applicable debt service of the project for the duration of the guaranteed loan or grant. Rural small businesses must be located in rural areas, but agricultural producers may be located in non-rural areas. Eligible project costs include purchasing energy efficiency improvements or a renewable energy system, energy audits or assessments, permitting and licensing fees, and business plans and retrofitting. For new construction the replacement of older equipment with more efficient equipment may be eligible as a project cost only when a new facility is planned to be more efficient and similarly sized than the older facility. Working capital and land acquisition are only eligible for loan guarantees. For more information regarding applicant and project eligibility for loans and grants, visit the USDA REAP eligibility webpage, read the eligibility requirements in the most recent Solicitation of Applications for REAP funding in the Federal Registry, and/or contact your state rural energy coordinator. Regional rural energy coordinators provide loan and grant applications upon request. History
The Food, Conservation, and Energy Act of 2008 (H.R. 2419), enacted by Congress in May 2008, converted the federal Renewable Energy Systems and Energy Efficiency Improvements Program,* into the Rural Energy for America Program (REAP). Similar to its predecessor, the REAP promotes energy efficiency and renewable energy for agricultural producers and rural small businesses through the use of (1) grants and loan guarantees for energy efficiency improvements and renewable energy systems, and (2) grants for energy audits and renewable energy development assistance. Congress has allocated funding for the new program in the following amounts: $55 million for FY 2009, $60 million for FY 2010, $70 million for FY 2011, and $70 million for FY 2012. REAP is administered by the U.S. Department of Agriculture (USDA). In addition to these mandatory funding levels, up to $25 million in discretionary funding may be issued each year. The American Taxpayer Relief Act of 2012 (H.R. 8) extended discretionary funding for FY 2013. The 2014 Farm Bill reauthorized the USDA to offer these programs and removed the mandate to offer grants for feasibility studies. | ||||||||||||||||||||||||||||||||||||||||||||||||
Office of Indian Energy Policy and Programs - Funding Opportunities | U.S. Department of Energy | 02/26/20 | 05/19/22 | 918 | The U.S. Department of Energy's (DOE) Office of Indian Energy Policy and Programs promotes tribal energy sufficiency, economic growth, and employment on tribal lands through the development of renewable energy and energy efficiency technologies. The program provides financial assistance, technical assistance, and education and training to tribes for the evaluation and development of renewable energy resources and energy efficiency measures. DOE's program offerings consist of program management through DOE headquarters, program implementation and project management through DOE's field offices, and technical support through DOE laboratories. Program management is carried out by DOE's Weatherization and Intergovernmental Program, which provides programmatic direction and funding to DOE field offices for program implementation. DOE's Golden Field Office solicits, awards, administers, and manages financial assistance agreements. Program funding is awarded through a competitive process. Click here to view current program funding opportunities, and here to apply for technical assistance. | |||||||||||||||||||||||||||||||||||||||||||||||||
Austin Energy - Residential Solar PV Rebate Program | Austin Energy | 03/12/21 | 05/19/22 | 1088 | Rebates will only be paid for approved systems installed by approved solar contractors according to the established technical requirements. All systems must conform to the utility's equipment and installation standards in order to qualify for a rebate. These standards include the use of pre-approved equipment; equipment warranty requirements; and the use of a program-approved, NABCEP-certified, and appropriately insured solar installer. Participants must meet a detailed set of home energy efficiency requirements in order to qualify for a solar rebate. Renewable Energy Credits and other environmental credits associated with renewable energy generated from the system belong to Austin Energy. | |||||||||||||||||||||||||||||||||||||||||||||||||
LoanSTAR Revolving Loan Program | Comptroller of Public Accounts State Energy Conservation Office (SECO) | 07/31/20 | 05/19/22 | 1134 | The Texas LoanSTAR (Saving Taxes and Resources) low-interest revolving loan program finances energy-related cost reduction retrofits for state, public school, college, university, and non-profit hospital facilities. Borrowers repay loans through the stream of cost savings realized from their energy cost-reduction projects. The LoanSTAR Program Administrator should be contacted for information on current loan interest rates. As of May 2020, LoanSTAR has funded over 325 loans totaling over $545 million. Eligible Projects Energy cost reduction measures (ECRMs) financed through the program include, but are not limited to, energy-efficient lighting systems; high-efficiency heating, ventilation, and air conditioning systems; energy management systems; energy recovery systems; building shell improvements; load management projects; and systems commissioning. Utility dollar savings are the most important criterion; therefore, ECRMs are not limited to measures that save energy. The evaluation of on-site renewable energy options (e.g., solar water heating, photovoltaic systems, small wind turbines) is encouraged in the analysis of potential projects. All LoanSTAR projects must be analyzed by a Professional Engineer and meet other criteria specified in the technical guidelines, which can be found on the program website. Projects financed by LoanSTAR must have an average simple payback of 10 years or less. Process Each April and October, the State Energy Conservation Office (SECO) publishes a Notice of Loan Fund Availability and request for applications of LoanSTAR loans. The notice is published in the Texas Register, on the Comptroller’s website, and on the SECO Funding & Incentives webpage. Applications are scored by a review committee, with the highest scoring applicants receiving funding commitments first. Scoring is based largely on the following considerations.
Selected institutions will be asked to sign a Memorandum of Understanding (MOU) agreeing to complete and submit an Energy Assessment Report (EAR) or a Utility Assessment Report (UAR) within 120 days. With an executed MOU, SECO reserves funding for the institution. SECO performs design review, design specification review, and on-site construction monitoring at 50% and 100% completion of each project phase. Repayment of the loans does not begin until after construction is 100% completed and it has been determined that the project was designed and constructed in accordance with the LoanSTAR Technical Guidelines. More information, including project applications and a detailed program guidebook, are available on the program website above. | |||||||||||||||||||||||||||||||||||||||||||||||||
Residential Renewable Energy Tax Credit | U.S. Internal Revenue Service | 03/15/21 | 12/31/23 | 1235 | Note: The Taxpayer Certainty and Disaster Tax Relief Act of 2020, signed in December 2020, extended the phase out of this tax credit. A taxpayer may claim a credit for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures with respect to the equipment are treated as made when the installation is completed. If the installation is at a new home, the "placed in service" date is the date of occupancy by the homeowner. Expenditures include labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year. The maximum allowable credit, equipment requirements and other details vary by technology, as outlined below. Solar-electric property
Solar water-heating property
Fuel cell property
Small wind-energy property
Geothermal heat pumps
Biomass Heaters
Significantly, The American Recovery and Reinvestment Act of 2009 repealed a previous limitation on the use of the credit for eligible projects also supported by "subsidized energy financing." For projects placed in service after December 31, 2008, this limitation no longer applies. Energy Storage The federal tax code does not explicitly reference energy storage, so stand-alone energy storage systems do not qualify for the tax credit. However, the IRS issued Private Letter Rulings in 2013 and 2018, which address energy storage paired with PV systems. In both cases, the IRS ruled that the energy storage equipment when paired with PV met the statutory definition of a "qualified solar electric property expenditure," as was eligible for the tax credit. It is important to note that Private Letter Rulings only apply to the taxpayer who requested it, and do not establish precedent. Any taxpayer considering the purchase of an energy storage system should consult their accountant or other tax professional before claiming a tax credit. History Established by The Energy Policy Act of 2005, the federal tax credit for residential energy property initially applied to solar-electric systems, solar water heating systems and fuel cells. The Energy Improvement and Extension Act of 2008 extended the tax credit to small wind-energy systems and geothermal heat pumps, effective January 1, 2008. Other key revisions included an eight-year extension of the credit to December 31, 2016; the ability to take the credit against the alternative minimum tax; and the removal of the $2,000 credit limit for solar-electric systems beginning in 2009. The credit was further enhanced in February 2009 by The American Recovery and Reinvestment Act of 2009, which removed the maximum credit amount for all eligible technologies (except fuel cells) placed in service after 2008. | |||||||||||||||||||||||||||||||||||||||||||||||||
Texas-New Mexico Power Company - SCORE/CitySmart & Commercial Solutions Market Transformation Programs | CLEAResult | SCORE/CitySmart: $195,144; Commercial Solutions: $252,225 | 02/22/21 | 11/30/21 | 1544 | SCORE/CitySmart The TNMP SCORE/CitySmart program and program administrator helps educational facilities and local governments identify energy efficiency opportunities in existing and newly planned facilities and provides financial and non-financial incentives to help implement the projects. The program is funded by TNMP and offered at no cost to participants. No products or services are sold through the CitySmart or SCORE Programs. The program’s objectives are to reduce the barriers to the adoption of energy efficient technologies and practices, provide educational and supporting services to facilitate the implementation of energy efficiency projects, stimulate strong participation from the targeted markets, and encourage delivery of energy efficiency products and services to those market segment(s). Commercial Solutions The TNMP Commercial Solutions program provides financial and non-financial incentives to non-residential customers, other than schools or local governments, for the installation of a wide range of measures that reduce their energy costs, peak demand, or save energy. Technical and energy management assistance, with direct cash incentives, encourage the implementation of such energy efficiency projects in TNM’s service territory. The program is free to participating commercial customers who receive incentives for eligible energy efficiency measures that are installed in new or retrofit applications resulting in savings defined by the Texas Technical Reference Manual (TRM) | ||||||||||||||||||||||||||||||||||||||||||||||||
Xcel Energy - Residential and Hard-to-Reach Standard Offer Program | Xcel Energy | Residential: $409,033 (large projects) + $70,000 (small projects); Special Projects: $90,000; Hard-To-Reach: $305,200 (large projects) + $50,000 (small projects) | 02/22/19 | 05/19/22 | 1593 | The Residential and Hard-to-Reach Standard Offer Programs provide incentives to "Project Sponsors" to install energy efficiency measures in Xcel's service area. Residential customers should contact a participating sponsor (awarded at the first of each calendar year) through the web site provided. Hard-To-Reach Customers are defined as customers with an annual household income at or below 200% of the federal poverty guidelines, and who have properly completed a PUCT-approved income verification form. All payments to Project Sponsors are based on kW and kWh savings. Examples of eligible projects include:
Note that Xcel Energy provides the incentive directly to the Project Sponsor, who then determines what to do with the incentive payment. Charges vary by Project Sponsor and no incentives are paid directly to the consumer by Xcel. More information, including program manual and contracts may be found on the web site. | ||||||||||||||||||||||||||||||||||||||||||||||||
Austin Energy - Residential Energy Efficiency Rebate Program | Austin Energy | 03/20/19 | 05/19/22 | 2011 | Austin Energy offers incentives to its residential customers to encourage the use of energy efficient equipment and measures through the "Power Partner Program." Rebates are available for qualified HVAC equipment, weatherization improvements, smaller appliances, and technology upgrades through an energy star rebate program. A winter bonus rebate is also available on certain HVAC improvements. Customers may also receive the Home Performance Bonus Rebate up to $2,400 when they install a new air conditioning unit or heat pump and perform the following weatherization measures listed, if needed for low-to-moderate income residents:
To take advantage of the weatherization rebates, customers must first have an energy audit performed on homes. Energy audits are not required for the HVAC rebates. Mobile homes or manufactured homes are eligible for rebates on new air conditioners only. Other energy efficiency improvements cannot be rebated for these dwellings due to construction code differences. Contact Austin Energy or visit the program web site for further requirements and guidelines.
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Austin Energy - Commercial Energy Management Rebate Program | Austin Energy | 03/20/19 | 05/19/22 | 2013 | Austin Energy offers incentives for commercial customers to increase the energy efficiency of facilities through the Commercial Rebate Program. Rebates are available for qualified HVAC equipment, ceiling/roof insulation and reflective coating, chillers, custom technologies, energy recovery ventilators, lighting equipment, motors, variable frequency drives, and window treatments. Austin Energy has also created an incentive schedule for new construction projects, which awards incentives based upon specific project conditions. Custom measures include wire-up sizing, day lighting controls, cooling towers and others.
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Austin Energy - Small Business Energy Efficiency Rebate Program | Austin Energy | 03/20/19 | 05/19/22 | 2014 | Austin Energy offers a special incentive for its small-to-midsize and not-for-profit business customers to increase the energy efficiency of facilities through the Small Business Rebate Program. Rebates are available for qualified HVAC equipment, ceiling/roof insulation and cool roofing, custom technologies, lighting equipment, and window treatments. | |||||||||||||||||||||||||||||||||||||||||||||||||
Austin Energy - Multi-Family Energy Efficiency Rebate Program | Austin Energy | 03/20/19 | 05/19/22 | 2015 | The Austin Energy Multi-Family Program provides cash incentives to owners, developers, and property managers of apartments and other multi-family properties for making energy efficiency improvements. Rebates are available for qualified A/C systems, heat pumps, window treatments, insulation, ductwork, and lighting equipment. A free walk-through energy survey is required before a rebate application will be accepted. Rebate eligibility for each identified improvement will be determined by the on-site survey. Rebates for some measures may be prorated or not offered depending on the cost-effectiveness of each measure. Incentives are granted on a first-come, first-served basis. Contact Austin Energy for more information on this program. | |||||||||||||||||||||||||||||||||||||||||||||||||
Denton Municipal Electric - Residential GreenSense Energy Efficiency Rebate Program | Denton Municipal Electric | $200,000.00 | 03/20/19 | 05/19/22 | 2039 | Denton Municipal Electric pays residential and small commercial customers to reduce energy demand and consumption in order to reduce the utility bills of DME customers, reduce peak load, reduce emissions, and promote energy conservation. The program offers rebates on the electric service bills of DME retail customers and cash incentives to builders, and applicants can qualify for multiple incentives simultaneously. Rebates are available for air conditioning units, heat pumps, building insulation, programmable thermostats, radiant heat barriers and efficient windows.
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Farmers Electric Cooperative - Residential Energy Efficiency Rebate Program | Farmers Electric Cooperative | 03/20/19 | 05/19/22 | 2091 | Farmers Electric Cooperative offers incentives for its residential and agricultural members to purchase certain energy efficient equipment. In order to receive rebates, equipment and installation must meet program requirements. More information and rebate applications can be found on the web site listed above. | |||||||||||||||||||||||||||||||||||||||||||||||||
Clean Renewable Energy Bonds (CREBs) | U.S. Internal Revenue Service | 08/15/18 | 05/19/22 | 2510 | Note: The Tax Cuts and Jobs Act of 2017 repealed section 54C of the Internal Revenue Code, which authorized the use of New CREBs. IRS Notice 2018-15 announced that the IRS will no longer process applications for or issue allocations of New CREBs. The summary below describes CREBs before they were repealed, and is here for historical purposes only.
Clean renewable energy bonds (CREBs) may be used by certain entities -- primarily in the public sector -- to finance renewable energy projects. The list of qualifying technologies is generally the same as that used for the federal renewable energy production tax credit (PTC). CREBs may be issued by electric cooperatives, government entities (states, cities, counties, territories, Indian tribal governments or any political subdivision thereof), and by certain lenders. The bondholder receives federal tax credits in lieu of a portion of the traditional bond interest, resulting in a lower effective interest rate for the borrower.* The issuer remains responsible for repaying the principal on the bond. The tax credit rate is set daily by the U.S. Treasury Department. Under past allocations, the credit could be taken quarterly on a dollar-for-dollar basis to offset the tax liability of the bondholder. However, under the new CREBs allocation, the credit has been reduced to 70% of what it would have been otherwise. Other important changes are described in IRS Notice 2009-33. | |||||||||||||||||||||||||||||||||||||||||||||||||
USDA - Rural Energy for America Program (REAP) Loan Guarantees | U.S. Department of Agriculture | 08/21/18 | 05/19/22 | 2511 | The Rural Energy for America Program (REAP) provides financial assistance to agricultural producers and rural small businesses in rural America to purchase, install, and construct renewable energy systems, make energy efficiency improvements to non-residential buildings and facilities, use renewable technologies that reduce energy consumption, and participate in energy audits and renewable energy development assistance. Renewable energy projects for the Renewable Energy Systems and Energy Efficiency Improvement Guaranteed Loan and Grant Program include wind, solar, biomass and geothermal, and hydrogen derived from biomass or water using wind, solar, or geothermal energy sources. These grants are limited to 25% of a proposed project's cost, and a loan guarantee may not exceed $25 million. The combined amount of a grant and loan guarantee must be at least $5,000 (with the grant portion at least $1,500) and may not exceed 75% of the project’s cost. In general, a minimum of 20% of the funds available for these incentives will be dedicated to grants of $20,000 or less. For more information on grant, loan guarantees, loan financing, and opportunities for combinations thereof, visit the USDA website. Application due dates are published annually in the Notice of Funding Availability. Eligibility Grants and Guaranteed Loans are generally available to small businesses and agricultural producers and other entities as determined by USDA. To be eligible for REAP grants and guaranteed loans, applicants must demonstrate sufficient revenue to cover any operations and maintenance expense as well as any applicable debt service of the project for the duration of the guaranteed loan or grant. Rural small businesses must be located in rural areas, but agricultural producers may be located in non-rural areas. Eligible project costs include purchasing energy efficiency improvements or a renewable energy system, energy audits or assessments, permitting and licensing fees, and business plans and retrofitting. For new construction the replacement of older equipment with more efficient equipment may be eligible as a project cost only when a new facility is planned to be more efficient and similarly sized than the older facility. Working capital and land acquisition are only eligible for loan guarantees. For more information regarding applicant and project eligibility for loans and grants, visit the USDA REAP eligibility webpage, read the eligibility requirements in the most recent Solicitation of Applications for REAP funding in the Federal Registry, and/or contact your state rural energy coordinator. Regional rural energy coordinators provide loan and grant applications upon request. History
The Food, Conservation, and Energy Act of 2008 (H.R. 2419), enacted by Congress in May 2008, converted the federal Renewable Energy Systems and Energy Efficiency Improvements Program,* into the Rural Energy for America Program (REAP). Similar to its predecessor, the REAP promotes energy efficiency and renewable energy for agricultural producers and rural small businesses through the use of (1) grants and loan guarantees for energy efficiency improvements and renewable energy systems, and (2) grants for energy audits and renewable energy development assistance. Congress has allocated funding for the new program in the following amounts: $55 million for FY 2009, $60 million for FY 2010, $70 million for FY 2011, and $70 million for FY 2012. REAP is administered by the U.S. Department of Agriculture (USDA). In addition to these mandatory funding levels, up to $25 million in discretionary funding may be issued each year. The American Taxpayer Relief Act of 2012 (H.R. 8) extended discretionary funding for FY 2013. The 2014 Farm Bill reauthorized the USDA to offer these programs and removed the mandate to offer grants for feasibility studies. | |||||||||||||||||||||||||||||||||||||||||||||||||
CPS Energy - Solar PV Rebate Program | CPS Energy | Total of $30 million to be distributed in three tranches | 03/12/21 | 05/19/22 | 2794 | CPS Energy, San Antonio's municipal utility, offers rebates to customers who install solar photovoltaic (PV) systems on their homes, schools, or businesses. Third-party owned systems (e.g., leased PV systems) are not eligible for rebates (a customer must make the upfront financial investment). The rebate is available to all CPS Energy customers for systems of at least 1 kilowatt (kW)-AC. Current funding will be allocated through three tranches. Each tranche will have a different rebate amount:
Rebates have a maximum of $25,000 per residential account per year and $80,000 per commercial account per year. Residential buildings applying for the commercial incentive must be established for at least one year. System owners are responsible for obtaining all applicable permits and permissions required to install and operate the system and all work must be performed in accordance with all applicable federal, state, local, and manufacturer codes and standards. CPS publishes interconnection guidelines for systems smaller than 25 kW. Rules for larger systems will be determined on a case-by-case basis. Rebate recipients will be required to sign an agreement granting all of the renewable energy credits (RECs) produced by the system to CPS Energy. | ||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Department of Energy - Loan Guarantee Program | U.S. Department of Energy | 08/18/16 | 05/19/22 | 3071 | Note: President Obama and DOE issued new supplemental guidance for Renewable Energy and Efficient Energy (REEE) Projects that adds $500 million of loan guarantee authority, making the total available approximately $4.5 billion. It also released guidance to clarify the types of Distributed Energy Projects it can support under the Title XVII program. The additional loan guarantee authority was officially available as of October 2015. Section 1703 of Title XVII of the Energy Policy Act (EPAct) of 2005 created the Department of Energy's (DOE's) Loan Guarantee Program. The program was reauthorized and revised by the American Recovery and Reinvestment Act (ARRA) of 2009 by adding Section 1705 to EPAct. The 1705 Program was retired in September 2011, and Loan Guarantees are no longer available under that authority. DOE, however, still has authority to issue Loan Guarantees under the old Section 1703 Program. Under Section 1703, DOE is authorized to issue loan guarantees for projects with high technology risks that "avoid, reduce or sequester air pollutants or anthropogenic emissions of greenhouse gases; and employ new or significantly improved technologies as compared to commercial technologies in service in the United States at the time the guarantee is issued." Loan guarantees are intended to encourage early commercial use of new or significantly improved technologies in energy projects. The loan guarantee program generally does not support research and development projects. Loan guarantees are provided in response to open solicitations. The application is a two part process; applicants that meet the specified requirements laid out in Part I receive an invitation to submit a Part II application. The updated supplemental guidance for Renewable Energy Projects and Energy Efficiency Projects includes an application solicitation schedule, with final Part I and Part II application due dates to November 30, 2016 (extended in a Fifth Supplement released June 2016). Up to $3 billion is available in loan guarantees for projects in renewable energy, efficient end-use, and efficient generation, transmission, and distribution technologies (plus an additional amount that may be imputed based on the credit subsidy cost of the loan guarantee authority). See the program website for more details on eligibility and the application process. Section 1703 requires either an appropriation to cover the Credit Subsidy Cost (the expected long term liability to the Federal Government for providing the loan guarantee), or payment of the Credit Subsidy Cost by the borrower. A credit-based interest rate spread will be added to certain loans receiving a 100% loan guarantee from DOE and financing from the Federal Financing Bank. Rates and more information are available here.
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Oncor Electric Delivery - Commercial and Industrial Rebate Program | Oncor Electric Delivery | 02/22/19 | 05/19/22 | 3082 | Oncor provides incentives to Service Providers who install approved energy efficiency measures in business, government, nonprofit, and worship facilities in Oncor's service area. Service providers can include energy service companies (ESCOs), energy consultants, contractors, individual customers, and retail electric providers. Generally, incentives are paid based on the kW and kWh saved and verified through a measurement and verification process. However, certain types of improvement projects have been assigned pre-determined "deemed savings" estimates by the Texas Public Utilities Commission (PUCT) and do not require verification. Currently, 17 types of cooling projects and nine types of lighting projects have deemed savings assigned and do not require measurement and verification if they are installed to the required specifications. Project sponsor incentives are capped at 20% of the incentive budget in a given budget year. Visit the Oncor program web site for additional details. | |||||||||||||||||||||||||||||||||||||||||||||||||
Qualified Energy Conservation Bonds (QECBs) | U.S. Internal Revenue Service | 08/22/18 | 05/19/22 | 3098 | Note: The Tax Cuts and Jobs Act (HR 1) of 2017 repealed the use of tax credit bonds effective January 1, 2018. Issuers of QECBs that elected to receive direct payments from the Treasury issued on or before December 31, 2017, consistent with the Internal Revenue Code (Section 54D), will continue to receive direct payments. The summary presented below is for historical purposes.
The Energy Improvement and Extension Act of 2008, enacted in October 2008, authorized the issuance of Qualified Energy Conservation Bonds (QECBs) that may be used by state, local and tribal governments to finance certain types of energy projects. QECBs are qualified tax credit bonds, and in this respect are similar to new Clean Renewable Energy Bonds or CREBs. The October 2008 enabling legislation set a limit of $800 million on the volume of energy conservation tax credit bonds that may be issued by state and local governments. The American Recovery and Reinvestment Act of 2009, enacted in February 2009, expanded the allowable bond volume to $3.2 billion. In April 2009, the IRS issued Notice 2009-29 providing interim guidance on how the program will operate and how the bond volume will be allocated. Subsequently, H.R. 2847 enacted in March 2010 introduced an option allowing issuers of QECBs and New CREBs to recoup part of the interest they pay on a qualified bond through a direct subsidy from the Department of Treasury. Guidance from the IRS on this option was issued in April 2010 under Notice 2010-35. | |||||||||||||||||||||||||||||||||||||||||||||||||
Oncor Electric Delivery - Residential Solar Program | Oncor Electric Delivery | 08/11/20 | 05/19/22 | 3168 | Oncor Electric Delivery offers rebates to its customers that install photovoltaic (PV) systems on homes in its service area. Oncor residential customers are eligible to participate in the program. Rebates may be assigned to the customer, a service provider, or a third party.
Eligibility For more information, visit the program website. | |||||||||||||||||||||||||||||||||||||||||||||||||
Guadalupe Valley Electric Cooperative - Renewable Energy Rebates | Guadalupe Valley Electric Cooperative | 03/25/19 | 05/19/22 | 3313 | The Guadalupe Valley Electric Cooperative (GVEC) offers rebates to its member customers for the installation of photovoltaic (PV) systems, solar water heaters and solar water wells within its service territory. Rebate amounts and limitations vary by technology. In order to qualify for a rebate, systems must be new and meet a variety of equipment, warranty, and installation requirements that vary by technology. All units must be installed by a program approved contractor according to the manufacturer's specified procedures and codes. Grid-connected renewable electricity systems must meet the standards of the National Electric Code (NEC) as well as the GVEC's own interconnection rules, code, and by-laws. Interconnection will take place at the GVEC's dual-register meter and electricity produced by the system will be purchased by the GVEC at the utility's renewable energy rate (i.e., not a net metering arrangement). The utility reserves to the right to inspect rebated systems in order to verify that they comply with program guidelines. | |||||||||||||||||||||||||||||||||||||||||||||||||
Guadalupe Valley Electric Cooperative - Residential Energy Efficiency Rebate Programs | Guadalupe Valley Electric Cooperative | 03/25/19 | 05/19/22 | 3322 | Effective April 1, 2019, the following rebates will no longer be offered: Duct Replacement, Energy Efficient Windows, Heat Pump Water Heater, 16 - 17 SEER Heat Pump Cooling and Heating, Insulation, Solar PV System, Solar Water Heater, Solar Water Well, Window Screens/Film, New Home. To qualify for a rebate prior to April 1, 2019, installation must be completed, commissioned (if applicable), rebate application submitted and all required documents turned in. No exceptions will be made. Guadalupe Valley Electric Cooperative (GVC) offers a variety of incentives to help residential customers save energy. Rebates are available for energy efficient new homes and improvements to existing homes.
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Denton Municipal Electric - GreenSense Solar PV/Thermal Rebate Program | Denton Municipal Electric | 03/12/21 | 05/19/22 | 3480 | Note: As of December 2020, funding for solar rebates has been exhausted and the program is suspended; additional funding may be supplied in October 2021. Denton Municipal Electric (DME) offers rebates to its electric customers for the installation of solar photovoltaic (PV) and solar water heating systems. The solar rebates are designed for residential and small commercial customers and are available for both existing buildings and new construction. Applicants must be a home or rental property owner. The following requirements apply to the PV rebate:
The following requirements apply to the solar water heater rebate:
Failure to follow these or other requirements of the City of Denton Building Inspections Division may render the system ineligible for the incentive and the system will not be allowed to interconnect with the DME electrical grid. Requests for payment must be received by DME within 30 days of installation. Credits will be made to the electric utility accounts of electric utility retail customers that purchase the qualified equipment. Participating builders that install qualified systems will receive a cash payment. All installations must be for accounts served by DME and must meet all applicable national, local, and manufacturers’ codes and specifications. | |||||||||||||||||||||||||||||||||||||||||||||||||
AEP Texas Central Company - SMART Source Solar PV Rebate Program | Frontier Associates and Clean Energy Associates | AEP Texas - Central: $360,000 (2021); AEP Texas - North: $162,900 (2021) | 03/12/21 | 05/19/22 | 3661 | American Electric Power Texas Central Company (AEP-TCC) offers rebates to any customer that installs photovoltaic (PV) systems on homes or other buildings. Rebates may be assigned to the customer, a service provider, or a third party. Rebates Rebates are offered at a rate of $0.50 per watt (W)-DC for residential customers for the first 3 kW; for systems of 3-5 kW there is a flat incentive of $1,500, for systems of 5-7.5 kW there is a flat incentive of $2,250, and for systems from 7.5-30 kW there is a flat incentive of $3,000. For commercial customers there is an incentive of $0.50 per W-DC for the first 25 kW, and $0.25 per W-DC for additional capacity up to 200 kW. The maximum rebate is:
PV System Eligibility
Unless used for educational purposes by a school, systems must be at least 1 kW- DC in size to qualify for the rebate. Systems may not be sized to produce energy in excess of that required to meet annual on-site energy consumption. Each customer and point of service is eligible to participate in the program multiple times, subject to other program limitations (e.g., maximum per customer and per project incentive limits). Visit the program website for more information. | ||||||||||||||||||||||||||||||||||||||||||||||||
AEP Texas North Company - SMART Source Solar PV Rebate Program | Frontier Associates and Clean Energy Associates | $162,900 (2021) | 03/12/21 | 05/19/22 | 3669 | American Electric Power Texas North Company (AEP-TNC) offers rebates to any customer that installs photovoltaic (PV) systems on homes or other buildings. Rebates may be assigned to the customer, a service provider, or a third party. Rebates Incentive levels are as follows (all are in $/watt dc-stc): Residential Commercial Fixed incentives: 0.001-2.999 kWdc: $0.50/Wdc 3-4.999 kWdc: $1,500 5-7.499 kWdc: $2,250 7.5-30 kWdc: $3,000 Tiered, capacity-based incentives: $0.50/watt for first 0-25 kWdc $0.25/watt for add'l up to 200 kWdc
The total amount of program funding for 2021 is $90,000 for residential customers and $73,590 for non-residential customers. PV System Eligibility
Unless used for educational purposes by a school, systems must be at least 1 kilowatt (kW)-DC in size to qualify for the rebate. Systems may not be sized to produce energy in excess of that required to meet annual on-site energy consumption. Each customer and point of service is eligible to participate in the program multiple times, subject to other program limitations (e.g., maximum per customer and per project incentive limits). Please refer to the Program Guidebook for additional details. | ||||||||||||||||||||||||||||||||||||||||||||||||
City of Sunset Valley - PV Rebate Program | City of Sunset Valley | $30,000 (for all energy-related programs, not just the Solar PV) | 10/16/20 | 05/19/22 | 3727 |
The City of Sunset Valley offers rebates to local homeowners who install photovoltaic (PV) systems on their properties. The local rebate acts as an add-on to the PV rebates that are offered by Austin Energy to its electric customers.
The Sunset Valley rebates are in addition to the Austin Energy rebate of $2.50 per watt AC. In order to participate in the program, local residents must first be approved for a rebate through the Austin Energy program and meet the corresponding equipment, warranty, and installation requirements. This means that local residents of utilities other than Austin Energy are not eligible to participate in the Sunset Valley program. | ||||||||||||||||||||||||||||||||||||||||||||||||
Austin Energy - Commercial Solar PV Incentive Program | Austin Energy | 03/14/19 | 05/19/22 | 3972 | Austin Energy offers a performance-based incentive to customers with a commercial account number for electricity generated by qualifying photovoltaic (PV) systems. The incentive rate varies based on capacity of the program, locked for a 10-year term, but the maximum incentive cannot exceed the amount indicated on the Letter of Intent. Systems rated up to 20 kW-AC are also eligible for net metering. In order to qualify for this program, PV modules must be new and be listed on the California Energy Commission's Go Solar web site. In addition, all solar panels must have a 20-year manufacturer warranty, all inverters must have a 10-year manufacturer warranty, and all systems must have a 10-year installer's warranty. Licensed electrical contractors must obtain the appropriate permits and perform all electrical connections. | |||||||||||||||||||||||||||||||||||||||||||||||||
USDA - High Energy Cost Grant Program | USDA Rural Utilities Service | $10 million (2015 solicitation) | 06/09/16 | 05/19/22 | 4359 |
NOTE: The most recent solicitation for this program closed December 14, 2015. Please check the program website for information on future solicitations.
This grant program is not limited to renewable energy or energy conservation and efficiency measures, but these measures are eligible for this grant program. | ||||||||||||||||||||||||||||||||||||||||||||||||
City of Houston - Property Tax Abatement for Green Commercial Buildings | Economic Development Division of the City Finance Department | 07/08/20 | 03/30/18 | 4720 | In September 2009, the City of Houston Tax Abatement Program was enacted (Ordinance No. 2009-858), establishing a partial tax abatement for U.S. Green Building Council Leadership in Energy and Environmental Design (LEED)-certified commercial buildings. Since its inception, the tax abatement has been renewed three times, most recently in 2016 (Ordinance No. 2016-252). Abatement Amount The Ordinance specifies the abatement as follows: “If the owner of a new or refurbished commercial facility has registered with the U.S. Green Building Council seeking LEED Certification, then the Economic Development Division…may recommend approval by the City Council of a partial tax abatement for the incremental investment associated with obtaining such certification. The agreement shall be effective up to 10 years, at a percentage based upon the level of certification actually obtained after completion of construction or refurbishment":
Minimum Investment Requirement The LEED building tax abatement can be a stand-alone abatement or part of a standard economic development tax abatement. If used as a stand-alone tax abatement, the minimum investment requirement to be eligible for the partial tax abatement is:
A new restructuring of the Property Tax Abatement is being considered for the City of Houston which would include an implementation period beginning in the 2nd quarter of 2020 and ending in the 4th quarter of 2021. A comprehensive document outlying this new structure can be found here. | |||||||||||||||||||||||||||||||||||||||||||||||||
CoServ - Solar Energy Rebate | CoServ | 06/11/20 | 05/19/22 | 4917 | CoServ Electric Cooperative provides a rebate to its members who installation a solar energy system on their property. Customers must sign an interconnection agreement (with net metering) for on-site generation with CoServ. Any excess generation from the system will be given to CoServ without compensation. Interested customers are encouraged to contact the utility for more details before making investment decisions. | |||||||||||||||||||||||||||||||||||||||||||||||||
City of San Marcos - Distributed Generation Rebate Program | City of San Marcos Electric Utility | 03/12/21 | 05/19/22 | 5117 | The City of San Marcos offers a Distributed Generation Rebate Program for the installation of grid-tied renewable energy systems. The Distributed Generation Rebate Program is offered to San Marcos Electric Utility (SMEU) customers. In order to qualify for the rebate, customers must be pre-approved by the utility. Single family homes must meet certain energy efficiency criteria determined by the utility. All systems must be professionally designed and installed. For more information, visit the program website. | |||||||||||||||||||||||||||||||||||||||||||||||||
City of Plano - Smart Energy Loan Program | City of Plano, BTH Bank | 05/07/21 | 05/19/22 | 5221 | The City of Plano established this loan program through the Department of Energy to support Plano homeowners seeking energy efficient home improvements. In partnership with BTH Bank, financing will be provided to program participants, subject to credit approval. Loan terms and interest rate will be determined by BTH Bank. Loan amounts range from $2,500 to $25,000. This loan program will continue to offer future loans as existing loans are paid off. Due to Department of Energy and Energy Efficiency and Conservation Block Grant (EECBG) Template Guidelines, no pre-completed project can be funded through the Smart Energy Loan Program. Eligibility requirements, application documents, and program flowchart can be found on www.smartenergyloans.com. | |||||||||||||||||||||||||||||||||||||||||||||||||
TXU - Commercial Energy Efficiency Program | 06/11/20 | 05/19/22 | 5352 | TXU GreenBack provides rebates for making energy-efficiency improvements to facilities that yield long-term savings. The TXU GreenBack program can help fund a new project or help pay for existing projects, such as changing to LED lighting. | ||||||||||||||||||||||||||||||||||||||||||||||||||
FHA PowerSaver Loan Program | 03/07/16 | 05/19/22 | 5631 | Federal Housing Administration (FHA) through its PowerSaver loan program offers three financing options for homeowners to make energy efficiency and renewable energy upgrades in their residences. For all three PowerSaver products, borrowers must select from a list of approved PowerSaver lenders. Please check the HUD website to find a list of participating FHA approved lender for the program. PowerSaver products are not currently offered in all states, so all potential applicants are encouraged to first check the program website to ensure product availability in their location. Eligibility Homeowners must have following requirements to be eligible for the program:
Eligible Measures Eligible home energy upgrades include, but are not necessarily limited to, the following:
PowerSaver Home Energy Upgrade—Up to $7,500 This unsecured consumer loan is intended for smaller projects (e.g., insulation, air and duct sealing, water heating, replacing heating and cooling equipment, etc.). It does not require a home appraisal or lien on the property. Single-family homeowners may qualify for the loan if they have manageable debt and a credit score of 660 or higher. Interest rates vary, but typically range from 4.99% to 7.75%. PowerSaver participating lenders, markets, and contact information is available here. PowerSaver Second Mortgage (Title I)—Up to $25,000 This Title I loan is intended for financing larger retrofit projects, including energy efficiency, PV, solar hot water, geothermal, or other renewable energy projects. A home appraisal or equity is generally not required, but PowerSaver lenders may request it if required by their investor. Borrowers cannot currently have an existing home equity loan, a second lien, or second mortgage to qualify for this product. Interest rates vary but typically range from 4.99% to 9.99%, and the maximum loan term is 20 years. PowerSaver Title I participating lenders, markets, and contact information is available here. PowerSaver Energy Rehab (203(k))—First mortgage up to FHA loan limits This 203(k) loan is for home purchase or refinance, targeting either home buyers wishing to combine home improvements with a home purchases or to homeowners wishing to include home improvements when refinancing an existing mortgage. It is FHA-insured up to 100% for a home purchase or refinance, plus the cost of a home improvement project. Current loan limits for a single-unit property vary by area from $217,500 to $625,000 (higher amounts are permitted for two-, three- and four-unit properties); specific loan limits for an area can be found at this website. In order to qualify as a 203(k) PowerSaver loan, at least $3,500 of the home improvements must consist of eligible PowerSaver measures. PowerSaver 203(k) participating lenders, markets, and contact information is available here. The two types of PowerSaver 203(k) loans are Standard and Streamlined. Standard 203(k) loans are for major improvements, where a home improvement project costs at least $5,000 and includes $3,500 in energy upgrades. The Streamlined 203(k) loans are for minor home improvements, where the home improvement project cost must not exceed $35,000. A HUD consultant is only required for oversight of home improvements for Standard 203(k) loans. | ||||||||||||||||||||||||||||||||||||||||||||||||||
Fannie Mae Green Financing – Loan Program | 05/08/20 | 05/19/22 | 5780 | NOTE: Only multifamily properties are eligible for the program. Single family homeowners are not eligible for this program. The Fannie Mae Green Financing Business provides mortgage financing to apartment buildings and cooperatives (with 5 or more units) to finance energy and water efficiency property improvements. Its green financing programs include Green Rewards, and preferential pricing for loans secured by a property with an eligible Green Building Certification. All Fannie Mae green loans are securitized as Green Mortgage Backed Securities (Green MBS). To learn more about these programs, multifamily property owners should coordinate with a Fannie Mae DUS Lender: https://multifamily.fanniemae.com/about-multifamily/our-partners/dus-lenders Green Rewards, launched in 2015, provides preferential pricing and up to an additional 5% of loan proceeds by including up to 75% of projected owner energy and water savings and 25% of projected tenant savings in the loan underwriting. Conventional and affordable multifamily properties, as well as cooperatives, seniors, military, and student housing properties are eligible for this program. To qualify for a Green Rewards loan the property owner must commit to making property improvements that are projected to reduce the whole property’s annual energy and water consumption by at least 30%, which a minimum of 15% must be attributable to savings in energy consumption. Properties may be located anywhere in US, and the selected property upgrades must be completed within 12 months of loan closing. Fannie Mae also provides preferential pricing for an acquisition or refinance loan on a conventional or affordable property that has a current, eligible Green Building Certification per Fannie Mae Form 4250. Please visit the Fannie Mae Green Financing website for more information and detailed program requirements. | ||||||||||||||||||||||||||||||||||||||||||||||||||
Austin Energy - Multifamily Solar PV Rebate Program | Austin Energy | 03/12/21 | 05/19/22 | 22089 | Note: Additional rebates are available through August 31 Austin Energy offers incentives for multifamily property owners to install solar PV systems on five or more units. In order to qualify, PV systems must be at least 2kW (AC) per unit or be estimated to produce at least 50% of annual electrical consumption. For more information, visit the program website. | |||||||||||||||||||||||||||||||||||||||||||||||||
Austin Energy - Commercial Solar PV Rebate Program | Austin Energy | 03/12/21 | 05/19/22 | 22090 | Austin Energy provides rebates to small, medium, and large commercial customers who wish to install photovoltaic systems. Incentives range from $0.02-$0.08/kWh. Contact Austin Energy or visit the program website for more information on this program. |