Residential Financing & Incentives

The following are incentives and financing options available to you when purchasing a commercial solar system in the state of Texas.

UTILITY INCENTIVES

Your local utility may offer an incentive to help you offset the cost of going solar. These incentives are calculated from the capacity and/or production of the system you will be installing and are either paid as a cash incentive to you, the installer, or will show up as a credit on your bill. The list below is not meant to be exhaustive, but if you are a customer of the following utilities then you may be eligible. Programs and details change often so contact Axium Solar to get the latest information.

Oncor

Oncor will pay a cash incentive for to the installer/service provider based on the capacity and estimated production of the system. This incentive may offset as much as 20 to 30% of the cost of the system. Your system must be installed by an Oncor approved solar contractor like Axium Solar

Coserv

Coserv offers a cash incentive based on the capacity of the system for residential and commercial customers. Your system must be installed by a CoServ approved solar contractor like Axium Solar

Garland Power and Light

GP&L offers a bill credit to offset the cost of going solar when funds are available.

Denton Municipal Electric

DME offers a cash incentive based on system size to offset the cost of going solar when funds are available.

Farmers Electric Coop

Farmers is currently offering a cash rebate on solar 50 kW or less.

United Cooperative Services

United Cooperative Services offers a cash grant to residential and commercial customers who go solar.

CPS (San Antonio)

CPS offers a cash rebate that is calculated off the capacity of the system installed. Eligible recipients must have the system installed by a CPS approved solar contractor like Axium Solar.

Austin Energy

Austin Energy offers a production-based incentive that incentivizes you based on how much energy your system produces. The incentive shows up as a credit on your bill. System must be installed by an Austin Energy approved solar contractor like Axium Solar.

AEP Texas

AEP offers a cash incentive based on the capacity of your system.

FEDERAL INVESTMENT TAX CREDIT

The federal ITC is a dollar for dollar tax credit worth 30% of the price tag on your solar energy system. This incentive is set to start declining after 2019 according to the following schedule:

2020: 26%
2021: 22%
2022 and onward: 10% for commercial only. There is no credit for residential systems from 2022 onward.