Midland Solar ~ Odessa Solar ~ PV Solar Systems ~ OnCor Rebates ~ Federal Tax Credits
Welcome to HillSolar.com, PV Sales, Consulting & Installation
Renewable Energy Solutions for Home and Business
HILL
SOLAR
Renewable Energy: The sooner you install a PV solar system on your home or business, the sooner you can begin to save electricity, money, pollution and nonrenewable energy sources.
Exciting Rebates: Federal Tax Credits and OnCor rebates make TODAY the best time to install a PV solar panel system; you could be refunded approximately 55% of the cost of a system!
Additional Business Depreciation: Businesses get accelerated five year depreciation (double the first year!) from the IRS on the total out-of-pocket cost.
Affordable System Prices: Total installed cost for typical 3,200 DC Watt household system after rebates and credits is approximately $10,170. There are no income caps on the Federal Tax Credits!
Why Hill Solar: Nelson Hill is an OnCor registered Service Provider. He has completed the Imagine Solar PV Solar Installation Workshop in Austin, Texas, and received the NABCEP PV Entry Level Certificate of Knowledge on March 20, 2009.
Rebates
OnCor Rebate
The OnCor rebate is for OnCor delivery customers only.
Customer rebate is $2.46 per Watt.
Example: the rebate on a typical 3,200 Watt system is $7,872.
Fed Rebate:
The Federal rebate is a Tax Credit, which may be carried over to subsequent years if it exceeds taxpayer's current year income tax owed.
The Federal rebate is 30% of the customer's outlay, or, the total cost of the system minus the OnCor Rebate.
Example: typical 3.2 kilowatt system, $22,400 total installed cost =
$14,528 initial, out-of-pocket cost after OnCor rebate =
$4,358 tax credit on this years income tax.
Austin Energy Rebate
The Austin Energy Rebate is available to AEP customers, and is $3.75 per Watt.
Example: the rebate on a typical 3,200 Watt system is $12,000.
System Cost Example:
Example: Medium house with average load, 3.0 kilowatt/ month average usage:
3,200 DC Watt system producing approximately 5,090 to 5,655 AC Watts annually, depending on location.
$22,400 total cost of typical 3.2kW system:
$14,528 initial, out-of-pocket cost
$10,170 final
cost after Federal Tax Credit
Frequently Asked Questions:
Is my house right for solar? If you have a south facing roof in good condition with no shade (or easily trimmed), probably. If not, a certified installer will need to evaluate your location.
Is solar right for my business? Because businesses usually pay more for electricity, get generous accelerated depreciation from the IRS and have flat roofs, the answer is usually yes.
Will my utility meter run backward? Generally no, Texas uses Net Metering, featuring two meters, one that measures electricity out and one that measures electricity in; however, if you export power into the grid it can be credited on future bills.
How much money will I save on my electricity bills? That depends upon how much you pay per kilowatt hour, but OnCor gives a general rule of roughly 28% annual savings with a properly sized system.