If you’re thinking about going solar, chances are, you’ll want to know all about solar incentives in Dallas. Solar is one of the fastest growing industries in the energy sector. This is especially true for Texas. The Lone Star State is projected to become the largest producer of solar energy in the nation within the next five years. (1)
Solar incentives do a wonderful job of mitigating costs for a home solar installation. They’re a combination of tax credits, rebates, and other ways you could be saving when you choose to go solar.* Simply put, solar incentives sweeten the deal.
As a premier solar company in Dallas, ADT Solar will keep you abreast of all the details you need to make an informed decision. Currently, Texas has enough solar installed to power 2 million homes. And we’re excited to help add yours.
In this article, we’ll cover:
- The federal solar tax credit
- Net metering and solar buyback programs
- How solar panels can increase your home’s value
- No property taxes on solar energy systems
- Texas solar rights laws
The federal solar tax credit
The Federal Solar Tax Credit is probably one of the biggest solar incentives offered by the federal government. Currently known as the Clean Residential Energy Credit due to the Inflation Reduction Act, this credit allows homeowners to claim up to 30% of the cost of a solar system on their taxes.
Since the state of Texas doesn’t have a state income tax, they don’t have access to a state solar tax credit. That makes this solar incentive even more enticing.
Net metering and solar buyback programs
Net metering and solar buyback programs are both solar incentives that might be offered by your utility company. Here’s the gist of the two:
- Net metering: This is a program where a homeowner receives credits on their electric bill for the excess energy their solar panels produce.*
- Solar buyback: With this Dallas solar incentive, the utility company may compensate homeowners with either cash or credit towards their utility bill. This depends on the specific details of the buyback program.
Remember, Texas has a competitive landscape when it comes to energy. That means different electric companies might vary in terms of rates and requirements for their programs. Contact a Solar Energy Specialist today to find out which utility companies are offering the best programs in your area.
Solar panels can increase your home’s value
Solar panels are a great investment, whether you’re putting them on the roof of a family home or installing them on top of an investment property. The Department of Energy and Berkeley Laboratory actually conducted a study to prove it. (2)
They surveyed nearly 4,000 homes with solar panel installations in 8 different states and the findings were incredible. Buyers were willing to pay an extra $12,000 to $15,000 for a home. It’s estimated that solar panels add $20 of value for every $1 you save on your electric bill.*
But don’t worry. While solar could increase the value of your property, it won’t raise your property taxes. Keep reading to find out why.
No property taxes on solar energy systems
We talked about how solar panels could boost the value of your home. Luckily, that added value of a solar energy system isn’t included in the property value assessment. (3)
Per the Texas property tax code, there’s no state property tax in Texas. You can go solar without worrying about pesky state property taxes getting in the way.
Solar panel rebates in Dallas
There are several utilities that offer rebate programs for solar panels in Dallas. Rebates depend on the specific conditions of your specific solar installation, such as:
- System size
- Location of the property
The best way to find out your eligibility for solar rebates in Dallas is to contact one of our Solar Energy Specialists. Schedule your free solar consultation today!
Texas solar rights laws
Under the Texas solar rights laws, home solar panel installations are protected from the homeowner’s association, or HOA. Basically, a Texas HOA can’t stop a homeowner from installing solar panels on their property. (4) They can, however, require that a homeowner follow certain rules. Find out more information in our blog, or keep reading for a summary of the specifics.
HOAs can require that a homeowner request prior approval before a solar installation. They can also impose “reasonable restrictions” on the solar installation, such as appearance and placement.(5)
Here’s a few reasons why a Texas HOA might deny a solar panel installation:
- If the solar panel installation is found to be illegal or violates public health and safety
- If the solar panel installation is on common property that is owned or maintained by the association
- If solar panels extend above the roofline, are not parallel to the roofline, or do not conform to the slope of the roof
- If ground-mounted solar energy devices are installed taller than the fence around them
- If the solar energy device is installed in a way that voids its warranties
- If any frames, wiring or piping are not silver, bronze or black
- If solar panels are installed without the HOA’s approval
Seem like a lot? A qualified solar installer can help you navigate your HOA’s solar regulations. This will ensure your system is installed in compliance.
Schedule your solar installation with ADT Solar
ADT Solar is committed to helping homeowners all over Dallas access the benefits of solar energy. Our Solar Energy Specialists are with you all the way. We’ll handle permits and HOA requests. You don’t have to navigate this alone. Contact us today and receive a free solar consultation, so we can help you with your installation.