Texas utility Oncor this week launched its first solar power initiative to encourage expansion of solar energy in the state.
Oncor’s Solar PV Program, Take A Load Off, offers cash incentives to qualified homeowners, businesses and governments to add solar photovoltaic power systems. Oncor expects to install about 1,400 new solar systems through this $16 million, four-year program. Only homes, businesses and government buildings served by Oncor are eligible for the incentive program.
Oncor will pay an incentive of $2.46 per DC watt up to a maximum of $24,600 for each residential installation and up to $246,000 for all other installations. Most residential solar panel projects range from 1 to 10 kilowatts, while business and government installations may receive incentives for projects up to 100 kilowatts. Larger installations will be considered.
Oncor’s Solar PV Program is one of 12 new programs Oncor plans to offer this year to promote renewable energy and encourage energy efficiency.
