Performance-Based Incentive (PBI) – The solar PV system gets a credit for each kilowatt-hour generated, during five years.In addition to getting the Value of Solar (VoS) credit, commercial electricity consumers with solar arrays can choose one of the following incentives: The following table summarizes VOS credits for the commercial sector: Does the client pay demand rates? However, there are three possible values depending on the type of service and system capacity. Since January 2018, commercial consumers also get the VOS credit. Austin Energy also offers a cash rebate of $2,500 for eligible home solar systems with at least 3 kW of capacity.
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Since this incentive is for solar power generation, you get it for the full output of your photovoltaic system, not only for surplus production – the value is then subtracted from your total power bill. Residential energy consumers get a Value of Solar (VOS) credit for every kWh generated, at a rate of 9.7 cents/kWh. The Pulse Power website and Electricity Facts Labels (EFL) do not provide additional details about the solar buyback program.Īvailable for solar power systems below 20 kW.Īustin Energy Solar Buyback For Homes and BusinessesĪustin Energy is the municipal utility of Austin, and they manage separate solar buyback programs for residential and commercial clients.
You can request a cash payment for unused solar buyback credits when the balance reaches $50, or when your contract ends. Solar buyback credit is rolled over to the next month, with no limit and no expiration date. The Just Energy website and Electricity Facts Labels (EFL) do not provide details about the solar buyback program.
The maximum credit available for surplus solar generation is your monthly energy usage from the grid. Sun-Jacinto Solar Buyback Program, can be added to all their fixed rate plans:Īvailable for solar power systems up to 50 kW. No solar buyback limit, and unused credits are rolled over to the next month. Same as the retail kWh price (without TDU charges). Unused credits are rolled over to the next month, but there is no cash payment option for surplus production.ĭepending on the plan chosen, you can get a $50 LED bulb rebate and a $50 smart thermostat rebate. Real-time wholesale market price, published by ERCOT. They can call 85 to contact the Distributed Generation team. There is no cash payment option.Ĭustomers must review the Sell Back Agreement provided by Amigo Energy. Solar credits are rolled over to the next month, and they expire after 12 months. Solar buyback rate not specified by the company.Īvailable for home solar systems up to 25 kW. Retail kWh Price for Consumption (at 1000 kWh) The following table summarizes the Texas solar buyback plans available in 2023. This article will provide an overview of the best solar buyback and net metering programs in the state as of 2022. Texas does not mandate net metering by law, but many Retail Electricity Providers (REPs) and municipal power companies offer the benefit. For example, you may find a company that gives you full net metering for all electricity generation below your consumption, switching to a reduced feed-in tariff when paying balances in your favor. Keep in mind that utility companies may create hybrid programs. This means you get the incentive regardless of whether you consume or export the electricity generated. Performance-based incentives reward you based on generation, even if you don’t have surplus production. If the FIT and the retail kWh price are equal, you are basically getting net metering. FITs are normally smaller than the retail kWh price, but utility companies may set them higher to incentive solar power in new markets. While net metering values consumption and generation equally, a feed-in tariff provides a different price tag for surplus generation.
If generation exceeds consumption, the rules change depending on the energy company: in most cases you get a credit that is rolled over to the next month, and in some rare cases they actually pay you for surplus energy.įeed-in tariffs are rates that apply for surplus electricity exported to the grid.
Net metering basically subtracts solar generation from electricity consumption, and you are only billed for the difference.
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