Austin’s 2025 Renewable Energy Goal
Maximum Rebate Amount from Austin Energy ($)
Value of Solar Tariff ($/kWh)
Since 1876 Energy is a partnering for the Austin Energy Solar Rebate program, we will help you with paperwork and make the application process as simple and stress-free as possible. Although the rebate is generous enough on its own, eligible homeowners can also combine it with the 26% federal solar tax credit. Most eligible homeowners are able to save almost half the sticker price just by taking advantage of these two generous incentives!
Let’s make up some numbers and say your 6 kW system’s sticker price is $20,000. Your post-rebate cost would be $17,500 ($20,000 minus the $2500 Austin Energy
Post-Rebate cost = $17,500
You’d then apply the 26% solar tax credit to find your net purchase price (rebates are always factored in first). So $17,500 times 26% equals $4,550. Subtracting this amount from the post-rebate cost we get $12,950.
Net Purchase Price = $12,950
Just like that, you reduced the cost of going solar by nearly half! If you were to finance your system via a solar loan, for instance, you could still apply for the solar tax credit AND then Austin Energy solar rebate, all without putting any money down! How cool is that? Hurry though, both incentives won’t be around forever. Since June 2017, the Austin Energy rebates have dropped in value by almost 34%!