Did you know that if you live in the Oncor utility service area, you can get incentives for installing residential or commercial solar systems? Last year Oncor paid over $1.6 million in residential incentives for new solar systems and over $2.6 million in incentives for commercial systems.
The Oncor incentives budget changes every year, and like most businesses their budget for incentives has decreased this year to just over $1.3 million for residential and around $2 million for commercial. This is a small amount to cover all the Oncor territory, and the incentives are handed out first-come, first-serve until the budget runs out.
Here are a few other things to keep in mind about these incentives:
Residential and Commercial Program opened for new projects that have not started or completed installation on January 27th.
Program applications will close on April 16, 2021.
Residential projects must be between 1 and 15 kw with a maximum incentive of $8500.00
If you have questions about how much of an Oncor incentive you might be eligible for, contact your NATiVE Solar Authorized Dealer Quantum Solar of Texas right here: North Texas Solar