Texas is the second largest producer of solar energy in the United States other than California, but are there commercial solar rebates for businesses to take advantage of? The weather is hot and sunny, making it an ideal location for solar energy production.
Houston is among the cities leading the charge; according to an article on Houston.org, “a new environmental report ranks Houston number 16 in the nation for total installed photovoltaic capacity.” With all that solar energy potential, we wanted to discuss some of the commercial solar rebates available to businesses in Texas.
Commercial Solar Rebates – Installations
Many Texans have elected to install solar panel systems in their homes. However, there are systems made to help businesses take advantage of solar power as well. The city of Houston is the ideal place to implement solar energy for your business, and there are many benefits to going this route.
Commercial properties are typically larger than residential properties, the land area is usually bigger, and the building itself is usually larger. Without the size constraints of a residential property, businesses have more space for solar array panels. Suppose you have more roof/ or land space.
In that case, you can install a larger solar array system with higher output potential than a residential system, helping with the increased energy demands of a commercial enterprise.
Commercial Solar Rebates – Houston Benefits
There are several advantages to implementing solar energy array systems at scale. You can receive a federal tax credit of 26% for any commercial solar energy projects that begin construction before the end of 2022 and conclude before 2026.
Additionally, Texas has a property tax exemption for solar panel arrays; this means that if your solar panel array would increase the value of your property, that won’t count against your appraised property value. As a result, you won’t be forced to pay additional property taxes if you install a solar panel array on your business.
If you’ve been thinking of contacting Houston solar installers, there’s one more thing you should consider: the Property Assessed Clean Energy (PACE) provision. This provision was designed specifically for business owners who want to implement clean energy.
The PACE provision is a special financial tool that gives businesses access to clean energy solutions with zero upfront cost. The business owner receives a loan for a solar panel array. Then, the cost of the solar array is paid back through property taxes over time (10-20 years) instead of through the business’s income.
The PACE provision can make solar energy much more affordable for business owners and provide savings in the long run!
As you can see, there are several benefits to commercial solar installation. If you’d like solar energy for your business or to learn more about commercial solar rebates, contact a trusted local solar company. We’re one of the best solar companies in Texas, with a team of certified technicians and system designers.
Contact us for a free quote!