THANK YOU for contacting Texas Solar Power Company. We ...
THANK YOU for contacting Texas Solar Power Company. We ...
THANK YOU for contacting Texas Solar Power Company. We ...
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1703 W. Koenig Lane Austin, TX 78756<br />
Phone:(512) 459-9494 Fax:(512) 451-5934 Info@txspc.com<br />
<strong>Solar</strong> Rebates<br />
Austin Energy has one of the best rebate programs in the country to encourage solar installations in<br />
Austin. Please take a look at their website <strong>for</strong> full in<strong>for</strong>mation: www.austinenergy.com. Check under<br />
“rebates.” Below is a summary of program steps. If you are working with <strong>Texas</strong> <strong>Solar</strong> <strong>Power</strong><br />
<strong>Company</strong> (TXSPC), we will handle the paperwork <strong>for</strong> you.<br />
1. Submit a Site Survey Request to Austin Energy via austinenergy.com website.<br />
2. Have a site pre-inspection by an Austin Energy Representative. At this inspection the<br />
representative will determine if your site qualifies <strong>for</strong> the rebate and the amount of wattage<br />
your site will support. A service upgrade may be required, which is an additional cost.<br />
3. Contact an installer on the approved installer list at Austin Energy website <strong>for</strong> a bid.<br />
4. Give a signed Rebate Application and a Renewable Energy Assignment Agreement to the<br />
installer, who will then send them to Austin Energy with a PV Watt Calculator Form.<br />
5. Austin Energy will then send you a Letter of Intent (LOI), which will state system size and<br />
rebate amount. You must have an LOI be<strong>for</strong>e you can start your PV installation.<br />
6. When your LOI arrives contact your PV Installer to schedule an installation.<br />
7. Upon completion of the installation Austin Energy will per<strong>for</strong>m a post inspection of your system<br />
to insure it meets program guideline requirements. The homeowner needs to be at this<br />
inspection.<br />
a. At this inspection you will be asked to assign the rebate to yourself or to your PV<br />
Installer. If you have the rebate go to yourself there are tax implications. You may be<br />
taxed <strong>for</strong> unearned income. <strong>We</strong> suggest that you check with your tax advisor.<br />
b. At the actual installation the modules and or the inverter may be different than<br />
proposed. This is due to availability of equipment. All equipment used shall meet<br />
Austin Energy Requirements.<br />
8. Your out-of-pocket expense is the installation amount minus your rebate.<br />
a. Austin Energy rebates the total DC watts X $4.50 X inverter efficiency (average 94%).<br />
b. The typical rebate <strong>for</strong> a 3 kW system will be approximately $13,395.95.<br />
c. The maximum rebate is $13,500.00 <strong>for</strong> residential, $100,000.00 <strong>for</strong> commercial or 80%<br />
of the total system cost, whichever is less.<br />
9. It can take up to 5 weeks <strong>for</strong> your PV meter to be installed and your PV system turned on.<br />
10. Your new meter will show Delivered Energy (DE), Received Energy (RE), and Net Energy<br />
(NE). Your PV system will have a separate meter so you can monitor system per<strong>for</strong>mance.<br />
There are two moving dashes on your Revenue Meter. If they are going to the right, you are<br />
buying power; if they are moving left, you are selling power at the wholesale rate. If within any<br />
month your PV system produces more energy than is needed on-site, Austin Energy will credit<br />
your bill based on the current fuel charge rate. GreenChoice ® subscribers will be credited at<br />
the GreenChoice ® rate.<br />
If you have any questions about the program please contact Austin Energy or TXSPC at the above<br />
number.<br />
Sincerely,<br />
Craig M. Overmiller<br />
Secretary / Treasurer
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