Austin Energy - Residential Solar Loan Program (Texas)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Austin Energy - Residential Solar Loan Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Solar Water Heat, Photovoltaics|
|Energy Category||Renewable Energy Incentive Programs|
|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
|Terms|| Solar Water Heating Rate: 0% - 2.0%|
Solar PV Rate: Market Rate
|Program Administrator||Austin Energy|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
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 Name||Customer Care Center|
|Address||721 Barton Springs|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.