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Solar & Energy Efficiency

Sunfinity Helps Texas Homeowners Save with Oncor Solar Rebate Program

GFH Editorial Team
February 3, 2021

Texas homeowners looking to install rooftop solar have a significant financial incentive worth exploring through a partnership between Sunfinity Renewable Energy and Oncor, the state's largest electric transmission and distribution provider. The program, highlighted in a Sunfinity announcement, offers residential rebates of up to $8,500 for solar photovoltaic systems sized up to 15 kW-DC, with commercial customers eligible for rebates as high as $120,000 on systems up to 300 kW-DC.

Oncor administers the rebate program across a service territory that includes 408 communities in 98 Texas counties. That footprint covers the Dallas-Fort Worth metroplex, East Texas communities such as Tyler, Central Texas cities including Killeen, Temple, Waco, and Round Rock, and the Midland-Odessa area in West Texas. Homeowners in those service areas who install qualifying solar systems can receive the rebate directly through the utility's incentive program, with Sunfinity handling the design, application, and installation work.

Sunfinity Chairman John Billingsley noted that when homeowners combine the Oncor rebate with the federal solar Investment Tax Credit, total savings on a system can reach as high as 50%. "Every homeowner and every business will have a slightly different situation, but the savings...can go as high as 50%," Billingsley said in the company's announcement. The company offers free residential and commercial proposals that spell out proposed system designs, estimated energy production, projected monetary and environmental savings, and the specific impact of the Oncor rebate and federal tax credit on a given project.

Battery storage equipment may also be eligible under the program, giving homeowners the option to pair solar panels with energy storage for backup power and greater self-consumption of the electricity their system produces. That feature is particularly relevant in Texas, where grid reliability concerns have driven growing homeowner interest in resilience upgrades alongside solar.

Homeowners interested in the program should act quickly. Oncor's rebate program operates on a first-come, first-served basis and closes when the allocated funds for the program year are fully committed. Because rebate dollars are limited, Sunfinity encourages interested Texas homeowners to request a proposal early in the year to secure their place in line before funds are exhausted. Even if the utility rebate is no longer available in a given year, the federal solar tax credit remains a substantial incentive that can meaningfully reduce the net cost of a residential solar installation.

For homeowners who qualify, the stacked incentives can dramatically shorten the payback period on a rooftop solar investment, turning a system that might otherwise take many years to pay for itself into one that begins producing net savings much sooner. With Texas electricity rates subject to market volatility, locking in decades of reduced utility bills through an on-site generation system is an increasingly appealing option for homeowners in Oncor's territory.

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