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