2021 Solar Tax Incentives in Burleson, TX

Texan homeowners pay expensive electric bills. These energy bills trend up to 20% higher than the national average, and it’s no secret that energy rates in Texas raise at least 5% per year. With Texas being the fourth sunniest state in America, homeowners who invest in solar save tons of money. Solar energy not only lowers your energy bills, it also offers excellent tax incentives and credits. 2021 is the perfect year to start gaining these solar tax incentives in Burleson. Honey Bees Roofing & Solar provides expert solar installation services. Furthermore, our team understands these solar tax benefits. We use this information to help our customers get the most out of their new solar system and their tax incentives!

2021 Solar Tax Incentives in Burleson, Arlington, Denton, Mansfield, and Fort Worth

Federal Solar Investment Tax Credit (ITC)

In 2006, the government enacted the Federal Solar Investment Tax Credit also known as ITC. It was created to incentivize the American people into pursuing solar power as an alternative energy option. The ITC, today, provides homeowners in Burleson and across the nation, a 26% tax credit, but this year may be the last year it stays that high. Originally, this tax credit was scheduled to be reduced by 4% this year. However, in 2020 Congress passed a delay on that reduction due to the ongoing impact of COVID-19. This presents a major opportunity for our customers. As long as you begin your solar project with Honey Bees Roofing & Solar in 2021 you’re eligible for this massive tax credit.

TXU Energy Renewable Buyback

TXU Energy Renewable Buyback presents homeowners with another excellent incentive for switching to solar power. If your home makes excess energy with its solar panels, you earn bill credits. Excess energy means any energy generated from your new solar system that you don’t use throughout the course of the month. This excess energy gets released back to the power companies. They even pay you for any extra energy your solar panels create. Not only are you not wasting this extra energy, you’re actually getting credit to create it.

Solar Energy System Property Tax Exemption

Adding solar panels to your home increases its value. However, the Solar Energy System Property Tax Exemption doesn’t increase your property tax when you install solar panels to your home. While your home’s value increases from the solar panels, you don’t have to pay more in taxes because of it.

Local Utility Company Solar Rebates

Some utility companies will even give you rebates for using solar power. American Electric Power (AEP) Texas, Austin Energy, CPS Energy, or Oncor residential customers can be eligible to benefit from these rebates. If you are eligible, you can receive a cash incentive between $2,500 and $8,500. Eligibility varies, so make sure to check with your utility company.

There’s no time like the present to start using solar power! Federally and locally, homeowners in Burleson, Arlington, Denton, Mansfield, Fort Worth, and the surrounding areas are eligible for these great incentives to use solar panels. On top of those incentives, Honey Bees Roofing & Solar offers a 30-year extended warranty with NO Deductible! If you’re looking to benefit from 2021 solar tax incentives around Burleson, Contact Honey Bees Roofing & Solar online or give us a call today at 817-668-6131!