Yes. The Federal Investment Tax Credit (ITC) allows you to deduct 26% (for 2022) of the out-of-pocket cost of your new solar system from your income tax liability for the year you install solar. In 2023, you can deduct 22% of the out-of-pocket cost.
The State of Texas has also exempted the value of Solar panel installations from your property tax appraisal (Texas Tax Code Section 11.27).
There are also rebates available from many utilities in Texas. Don’t worry, we’ll walk you through it all, making sure you take advantage of all the savings out there right now.