New Solar Rebates Available for Denton, Texas!

Mississippi Solar

If you’re looking to go solar in Denton, Texas, there’s fantastic news! As of October 1st 2018, Denton Municipal Electric (DME) of the City of Denton, has updated their solar rebate policy. DME also increased solar rebate funding to $500,000! Customers of DME can now go solar, and possibly get an even bigger rebate than they would have been eligible for before.

DME has updated their solar rebate policy from being a flat policy where everyone gets the same rebate, to a tiered policy, where the rebate you receive depends on the size of your system. Whether or not you have a battery hooked up to your solar panel system also factors into your rebate amount. There are a couple of limits to keep in mind, however- the most that anyone can receive in rebates is $30,000. The rebate amount also cannot exceed 50% of the total solar project cost.

Solar rebate amounts for Denton Municipal Electric below:

Solar Panels Only

Solar Panel System Size

Solar Rebate Amount

3 kW systems to 5 kW systems

$0.80 per AC watt.

5.1 kW systems to 10 kW systems

$0.60 per AC watt.

10.1 kW systems and above

$0.40 per AC watt.

Incentives offered for solar panels installed with battery backup:

Solar Panels with Storage Batteries

Solar Panel System Size

Solar Rebate Amount

3 kW systems to 5 kW systems

$1.20 per AC watt.

5.1 kW systems to 10 kW systems

$0.90 per AC watt.

10.1 kW systems and above

$0.60 per AC watt.

Those are some pretty awesome incentives! And don’t forget about the federal solar tax credit. With the solar tax credit, you can receive 30% of your solar panel cost in tax credits. So with the DME Solar Rebate, and the 30% tax credit, you could save a bunch on your new solar panel system!

The City of Denton, Texas deserves a big, sunny “Thank You” for offering this incentive for residents. Now it’s even easier for them to go green with solar energy!

 

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