Renewable energy is energy that comes from natural sources such as sunlight and wind. By tapping into renewale energy upgrades, you should save money, add more energy back to the grid and increase your homes value. If you're not ready to make a full upgrade, fortify your home with some weatherization and update your electricity provider. To compare programs and costs, or select a plan utilizing renewable energy, Visit Power To Choose website to learn more.
Renewable Energy Programs
Oncor has several opportunities to help your home. Check out their weatherization and solar programs. Homes must have Oncor as their electric delivery provider. Only home owners may participate. New home construction projects are not eligible.
Solar PV systems installed between 2022-2032 are eligible for a 30 percent tax credit. The tax credit will decrease to 26 percent for systems installed in 2033 and to 22 percent for systems installed in 2034. There is no maximum claim amount.
Credits and Rebates
Federal income tax credits for energy efficiency home improvements will be available through 2032. A broad selection of ENERGY STAR certified equipment is eligible for the tax credits. Taking advantage of tax credits, along with any available rebates, is a good way to help make the transition to a clean energy future more affordable.
If you invest in renewable energy for your home such as solar, wind, geothermal, fuel cells or battery storage technology, you may qualify for an annual residential clean energy tax credit. The credit is nonrefundable, so the credit amount you receive can't exceed the amount you owe in tax. You can carry forward any excess unused credit, though, and apply it to reduce the tax you owe in future years.
With TXU Energy Home Solar Buyback, you earn automatic bill credits that can offset up to 100 percent of your energy charges each month. TXU will buy back your excess energy and help you save more every month with a Clean Energy Credit.