Incentives and Financing

CPS Energy Rebates

The following CPS Energy rebates are available until funding depletes. Your solar installer will fill out and file the rebate application for you.

Schools can receive $2 per AC watt for the first 25 kW and $1.30 per AC watt for all remaining capacity output greater than 25 kW. This applies to commercial solar PV installations at private and public school campuses within the CPS Energy service territory. Schools must be accredited and non-profit.

Schools can receive $2 per AC watt for the first 25 kW and $1.30 per AC watt for all remaining capacity output greater than 25 kW. This applies to commercial solar PV installations at private and public school campuses within the CPS Energy service territory. Schools must be accredited and non-profit.

  • Maximum rebate for one project is $80,000.
  • PV array must be installed by a CPS Energy certified contractor with local (CPS Energy service territory) presence. Local presence is defined as a facility in the name of the solar contractor’s business with an associated CPS Energy electric account for that location.
  • This solar rebate offering is not available for client leased equipment installations or other financing options that remove the client’s upfront investment in order to own the PV array. The client’s investment amount required is at least the invoice cost of the PV system less the CPS Energy rebate. Solar PV array installations funded via federal or state grants obtained by the customer are exempt from this requirement.

The residential rebate for $1.60 per AC Watt up to $25,000 or a 50% cap — whichever is less. This rebate offering is available for residential solar PV installations.

  • Maximum rebate is $25,000.
  • PV array must be installed by a CPS Energy certified contractor with local (CPS Energy service territory) presence. Local presence is defined as a facility in the name of the solar contractor’s business with an associated CPS Energy electric account for that location. There is a $1.30 per AC watt rebate for residential systems installed by a contractor without a local presence.
  • This solar rebate offering is not available for client leased equipment installations or other financing options that remove the client’s upfront investment in order to own the PV array. The client’s investment amount required is at least the invoice cost of the PV system less the CPS Energy rebate. Solar PV array installations funded via federal or state grants obtained by the customer are exempt from this requirement.

The commercial rebate is $1.60 per AC watt for the first 25 kW and $1.30 per AC watt for all remaining capacity output greater than 25 kW up to $80,000 or 50% cap — whichever is less.

  • Maximum rebate is $80,000 or 50% of cost — whichever is less.
  • PV array must be installed by a CPS Energy certified contractor with local (CPS Energy service territory) presence. Local presence defined as a facility in the name of the solar contractor’s business with an associated CPS Energy electric account for that location. There is a $1.30 per AC watt rebate for commercial systems installed by a contractor without a local presence.
  • This solar rebate offering is not available for client leased equipment installations or other financing options that remove the client’s upfront investment in order to own the PV array. The client’s investment amount required is at least the invoice cost of the PV system less the CPS Energy rebate. Solar PV array installations funded via federal or state grants obtained by the customer are exempt from this requirement.

There is a federal tax credit of 30 percent of the total project cost with no upper limit currently available for both solar photovoltaic and solar water heating systems.

You can either subtract the CPS Energy rebate from the total cost first and take the 30 percent tax credit on the net amount OR you can apply the tax credit on the entire cost (before rebate) and pay taxes on the CPS rebate as income.

Your tax advisor can help you decide which is preferable for you. Any unused tax credit can be carried over to the following year. Further information can be found at www.dsireusa.org or from your tax professional.

If you are interested in solar, but need a loan to pay the upfront costs, these are financial institutions that understand solar and can help you secure a loan.

Please contact the following institutions below for details.

Institution Residential Commercial
San Antonio Credit Union Eloisa Riojas
Home Loan Production
210-258-1350
emriojas@sacu.com
or
Ruthi Wainshal
210-258-1561
rwainshal@sacu.com
Frost Bank Billy Moore
210-220-6145
billy.moore@frostbank.com
Billy Moore
210-220-6145
billy.moore@frostbank.com
BBVA Compass Patranella Reaves
210-592-5552
patranella.reaves@bbvacompass.com
Patranella Reaves
210-592-5552
patranella.reaves@bbvacompass.com
Security Service Federal Credit Union Home Improvement Loans
210-357-9000
Commercial Loans
210-357-9000
Randolph Brooks Federal Credit Union Diana Burns
210-637-4149
dburns@rbfcu.org
Follow options for Consumer Lending
210-945-3300