![]() For more details, visit Keeping PACE in Texas. Whether you are a private citizen or a solar installer, if you want to make PACE financing available in your area, talk to your city about establishing a PACE district. PACE is only available in areas which have established PACE districts. Property Assessed Clean Energy (PACE): PACE is a way of financing energy efficiency improvements, including solar, by allowing property owners to attach a voluntary contractual assessment to the property, which is paid back through annual property taxes.Solar Energy Devices Franchise Tax Exemption: Texas law allows businesses to deduct the cost of a solar energy device from franchise taxes.Federal Tax Credit: The Business Energy Investment Tax Credit (ITC) of 30% of the total project cost (no maximum) is available for a variety of renewable energy projects, including solar PV.Solar Power Rocks also provides The Ultimate Guide to Powering Your Home with Solar.Īdditional Opportunities for Commercial Installations Plus, agencies like the North Central Texas Council of Governments are working hard to support solar at the regional level in North Texas and statewide. Solar Power Rocks: "Solar Power Rocks is committed to giving homeowners a clear picture of the policy, incentives, and investment returns on local solar panel installations." Based on SPR's analysis of state policies and incentives, Texas earns an overall grade of "D " however, they make sure to clarify that, "even with a minimal Renewables Portfolio Standard, no tax credits (heck, no tax!), and no statewide rebates, the Lone Star State is still a great place to go solar" due in part to municipal utility rebates and a high investment return rate.Multifamily Residential Property Owners: These property owners can get assistance from the Fannie Mae Green Initiative loan program. ![]()
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