Solar Panel Installation pLANO Texas

This is not always thought of as an incentive and is not as obvious as a tax credit or cash payment but it is quite generous financial incentive. APS is mandated to compensate homeowners that export solar energy at a very attractive rate, which is sometimes higher than what they would otherwise pay for energy generated from other sources.

• 26% Federal Tax Credit: The investment tax credit (ITC), also known as the federal solar tax credit, allows you to deduct 26 percent of the cost of purchasing and installing a solar energy system from your federal taxes in 2021. Don’t wait! In 2023, the federal ITC is gone forever.

• $1,000 State Tax Credit: Renewable Energy Production Tax Credit. An individual or corporate income tax credit is available for taxpayers who own a qualified energy generator that first produces electricity from and after Dec. 31, 2010, and before Jan. 1, 2021, using a qualified energy resource.

• APS Battery Incentive: There’s an incredible opportunity offered by APS for those who want solar and battery storage for their home. APS is offering an incentive of up to $3,750 paid directly to you after your system is installed. This is an addition to the 26% Federal Tax Credit and the $1,000 state tax credit. We do not expect this incentive to last very long and it likely will sell out by the end of 2021, or sooner. Contact us now so we can secure this incentive for you.

• APS Net Export Rate: This is not always thought of as an incentive and is not as obvious as a tax credit or cash payment but it is quite generous financial incentive. APS is mandated to compensate homeowners that export solar energy sometimes at a higher rate than they would otherwise pay for energy generated from other sources.