It’s that time again! On January 22, 2020, Oncor released the details of its annual solar incentive program, which will undoubtedly launch the wild “solar coaster” ride we experience in North Texas every year. If you live in the Oncor service area, you can get paid up to $8,500 just for installing solar panels on your home.
When combined with the generous Federal income tax incentives, the two programs can offset the total cost of a solar panel system by up to 50% or more. But, you have to act fast, because the Oncor incentive cash is distributed on a first-come, first-served basis, and once the money runs out, it’s gone for the year!