If you’re one of the 141,000 member-owners of the Coserv Electric Cooperative in Texas and you’re thinking about going solar, you’re smart.
You might have heard that this co-op utility offers a $2 per DC Watt rebate on solar generation.
$2 per Watt?
This rebate means homeowners in Texas can get $2 per DC Watt installed. Many solar rebates are based on the size of the solar system in AC Watts, which is a measurement of the system after the electricity has been converted from DC to grid-quality AC power. A $2/ AC Watt rebate would already be a very strong incentive, but this rebate is in DC, which means more money in your pocket.
$2/W DC > $2/W AC
For example: you’re installing a 2kW (or 2,000W) grid-tied solar system. That number “2kW” is based on the sum total of watts in your solar system – we’ll call it eight 250W solar panels.
In this case, you would qualify for a rebate of $4,000, given that the funds allocated towards this rebate program haven’t yet been exhausted.
Depending on the size of your system, this rebate your 2 kW (or 2000 Watt) solar system will yield a couple hundred dollars more.
This utility rebate program caps off at $5,000 for each system, which is equal to a 2.5kW solar system. Contact us today for solar design help and while you’re at it, fill out the Coserv solar rebate application form. All 2013 funds were reserved in early 2013. Check their website at the beginning of 2014 for any changes to this rebate and get on the list so they can reserve funds for your project. Rebates are paid out after your solar system is installed and inspected by a Coserv Auditor.
On top of this rebate from Coserv, you’ll also qualify for the Federal Tax Credit. After any state/local/utility rebates have been subtracted (including Coserv’s solar rebate), 30% of this net cost is returned to you in the form of a tax credit that directly reduces the dollar amount you pay on your taxes.