Austin Energy – Multifamily Solar PV Rebate Program

Austin Energy provides incentives for property owners in the multifamily and nonprofit sectors to install solar photovoltaic (PV) systems on properties with two or more units. This incentive program aims to encourage the adoption of solar energy in these specific sectors, contributing to the overall promotion of sustainable and renewable energy practices.

Key points regarding the incentive program:

1. Eligibility Criteria:

   • Multifamily Property Owners: Eligible for a rebate of $0.60 per watt (W) for solar PV systems installed on properties with at least two units.
   • Nonprofit Property Owners: Eligible for a higher rebate of $1.00 per watt (W) for solar PV systems. This increased incentive is specifically for nonprofit properties that are not eligible for the federal tax credit.

2. Equipment Requirements:

   • The solar PV systems installed must meet certain specifications. Specifically, the systems must have a minimum capacity of 2 kilowatts (kW) per unit or be estimated to produce at least 50% of the property’s annual electrical consumption. This ensures that the installed systems contribute significantly to the property’s energy needs.

3. Program Duration:

   • The incentive program is time-limited, with additional rebates available through August 31. This timeframe provides property owners with an opportunity to take advantage of the program and install solar PV systems at a reduced cost.

4. How to Access Information:

   • Property owners interested in participating in the incentive program are encouraged to visit the program website for more detailed information. The website likely contains specifics on the application process, documentation requirements, and any additional details relevant to participation.

5. Promotion of Solar Energy:

   • By offering these incentives, Austin Energy aims to promote the adoption of solar energy solutions in the multifamily and nonprofit sectors. This aligns with broader goals of increasing the use of renewable energy sources, reducing carbon footprints, and contributing to a more sustainable and environmentally friendly community.

6. Time Sensitivity:

   • It’s important for property owners to be aware of the program’s time sensitivity, as additional rebates are available only until August 31. This creates a sense of urgency for interested parties to take advantage of the incentives within the specified timeframe.

Austin Energy’s incentive program serves as a strategic initiative to foster the installation of solar PV systems in multifamily and nonprofit properties. The program’s structure, eligibility criteria, and time-limited nature underscore the utility’s commitment to advancing solar energy adoption and sustainability within the community. Interested property owners are encouraged to explore the program website for comprehensive information and guidance on participating in the incentive program.