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The U.S. Department of Energy and the North Carolina Clean Energy Technology Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in December 2014. Staff are currently working hard on the new version of DSIRE but are also maintaining the content of the current version of DSIRE. Thank you for your continued support and patience during this transition. We hope you are as excited for December as we are! The U.S. Department of Energy and the North Carolina Solar Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in the summer of 2014. Staff are currently working hard on the new DSIRE and are unfortunately only able to make minimal updates to the DSIRE website at this time. We apologize for any inconvenience and thank you for using DSIRE.

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Texas

Texas

Incentives/Policies for Renewables & Efficiency

Printable Version
Austin Energy - Residential Solar Loan Program   

Last DSIRE Review: 09/16/2014
Program Overview:
State: Texas
Incentive Type: Utility Loan Program
Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics
Applicable Sectors: Residential
Amount:Minimum Solar Water Heating: $500
Minimum Solar PV: $1,500
Maximum Incentive:Solar Water Heating (Single Family): $5,000
Solar Water Heating (Duplexes): $10,000
Solar PV: $20,000
Terms:Solar Water Heating Rate: 0% - 2.0%
Solar PV Rate: Market Rate
Credit scores of 639 or below will carry an additional 2.0% interest rate.
Repayment: up to 10 years
Web Site: http://bit.ly/1AR7ogC
Summary:

Austin Energy offers two types of loans for residential customers to finance solar energy systems in eligible homes:

  • Solar water heater loans are available for up to $5,000 for single family and $10,000 for duplexes. (A customer can choose either the loan or the rebate incentive for solar water heaters, but not both.)
  • Solar PV loans are available for up to $20,000, which may be combined with Austin Energy solar PV rebates.

Terms for Austin Energy solar loans are 3, 5, 7, or 10 years. All work must be done by a program-approved contractor.

For loan pre-approval with Austin Energy's financing partner, customers can contact Velocity Credit Union.


 
Contact:
  Customer Care Center
Austin Energy
721 Barton Springs
Austin, TX 78704-1194
Phone: (512) 974-7827
Fax: (512) 482-5450
E-Mail: custinfo@austinenergy.com
Web Site: http://www.austinenergy.com/index.htm
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.