Last DSIRE Review: 02/02/2010
Program Overview:
| State: |
Texas |
| Incentive Type: |
Utility Rebate Program |
| Eligible Renewable/Other Technologies: |
Solar Water Heat |
| Applicable Sectors: |
Commercial, Residential, Nonprofit, Schools, Local Government, State Government, Fed. Government, Multi-Family Residential, Institutional, Must be an Austin Energy customer |
| Amount: | Existing Homes: $2,000 or 0-2% interest loan
New Homes: $1,500
Commercial: Custom
| | Maximum Incentive: | Loan Maximum: $5,000 (single family residences) or $10,000 (duplexes) | | Eligible System Size: | System should be sized to accommodate a minimum of 4 people; no maximum specified | | Equipment Requirements: | Must use new, SRCC certified equipment and be designed for frost protection and scale elimination or remediation;
Minimum 5-year warranty on major components;
System must pre-heat water for a permanently installed electric water heater | | Installation Requirements: | Must be installed by a licensed contractor;
Equipment must meet all applicable Austin city codes and adhere to the city building permit process | | Program Budget: | $50,000 (FY 2010) | | Ownership of Renewable Energy Credits: | Austin Energy | | Expiration Date: | Program year runs from October - September |
| Web Site: |
http://www.austinenergy.com/Energy%20Efficiency/Programs/Rebates/...
|
Summary:
Austin Energy (AE) offers its residential, commercial, and municipal customers up front rebates or a low interest loan for the purchase and installation of solar hot water heaters. Because the program is in part designed to help Austin Energy reduce peak electricity demand, only systems that preheat water for a permanently installed electric hot water heater are eligible to receive the incentive. Rebate levels vary by customer class.
Rebates- Residential (new construction): $1,500
- Residential (existing homes): $2,000 or low interest loan (see below)
- Commercial: Custom, determined on a case-by-case basis
Loans option details (existing homes)
- Home improvement loans: 0% interest rate over 3, 5, 7, or 10 year term; $1,500 minimum
- Personal loans: 2% interest rate over 3 or 5 year term; $500 minimum
- Maximum loan of $5,000 for single family or $10,000 for duplexes
- Additional 2% interest rate (added to base rate) for credit scores of 639 and below
All systems must be new, SRCC certified, and sized to accommodate the needs of at least 4 people. Systems must also be designed for frost protection, scale elimination or remediation, and have a 5-year warranty on all major components. The use of existing tanks will be allowed on a case-by-case basis. All systems must be installed by a licensed contractor and comply with all applicable city codes and permitting requirements. Participants must sign an agreement stating their intention to maintain the system in proper working order for at least 5 years and allow AE to inspect the system. Failure to maintain the system may result in repayment of a prorated portion of the rebate. Participants must also sign a Renewable Energy Credit (REC) Assignment Form handing over all RECs produced by the system to AE.
According to a recent news release from Austin Energy, the Fiscal Year 2010 budget for the solar water heater program is expected to be $50,000. |
