In an effort to drive an increase in solar energy installation and usage, a major San Antonio Solar player announced a new incentive on Monday.
“What this program is geared around is reaching out to some of the lower-income households, lower-value homes, some sectors of the community that have not thus far participated in the rebate program,” Advanced Solar owner Don Dickey said during an announcement held at City Hall.
Residents in the wealthier areas of San Antonio have taken advantage of CPS Energy Rebates and the CPS Data backs that up.
Advance Solar is offering the rebate to CPS Energy customers in City Council Districts 1 through 5. The rebate can also be claimed if you reside anywhere in the CPS Energy territory with a house valued at $100,000 or less, as reported by the property tax assessment.
From 2009 to January of 2016, CPS Energy paid approximately $11.6 million in rebates to customers residing in Districts 6 through 10, which lie in the wealthier west and north sides. Customers in districts 1 through 5 have only received approximately $3.1 million in rebates during that same time.
CPS customers residing outside the city limits have received approximately $21.5 million in rebates. The CPS Energy grid spans over several counties including Wilson and Guadalupe.
CPS Energy customers who receive the $1.14 per watt rebate could simultaneously receive a rebate from CPS Energy in the amount of $1 per watt. The Federal Government also offers a 30% tax credit on residential solar installations.
Advanced Solar broke down the cost of a typical 4.335-kilowatt residential solar project with the combination of the company’s rebate, CPS’ rebate and the federal tax credit.
The sales price of a system that size would be $15,936 with no incentives or rebates, according to Advanced Solar. The CPS rebate and federal tax credit would bring that cost to the consumer down to $8,488.90. The Advanced Solar rebate would bring the cost down to $5,822. The company also offers in-house financing programs.
Such a system would save the customer an estimated $52.16 per month, adding up to $626 in the first year, according to Advanced Solar.
Aside from some residents being able to afford the up-front cost before qualifying for a rebate, education is another reason people who want solar do not buy their own panels, Ben Rodriguez, Director of Project Management said. He asked those present to promote it on their email blasts and social media pages.
“Advanced Solar does not have the resources of H-E-B or Walmart or CVS,” Rodriguez said. “We have to leave it up to our community leaders. That’s a call to action to everybody who’s here at this table.”
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