Longhorn Solar offers $1 per-watt solar rebate program for Bluebonnet Electric customers


Longhorn Solar offers $1 per-watt solar rebate program for Bluebonnet Electric customers

Greentech Lead Team:
Solar has decided to roll out its $1 per-watt solar rebate program to
Bluebonnet customers in more than fourteen new Texas cities and towns
throughout central Texas until the end of 2012.

“It was
clear from the Bluebonnet Coop members at the Austin Home and Garden Show that
there is a huge pent up demand from folks living throughout Bluebonnet’s
service territory for a solar incentive program, especially the people from
Bastrop who are still living without power,” said Louis Petrik, Longhorn
Chief Operating Officer.

“We are
proud to be the very first company to offer a solar incentive program for
Bluebonnet customers and we look forward to helping them restore power as well
as saving millions of dollars on their electricity bills during 2012,”
Petrik added.

Coop members can sign up for a solar rebate that ranges from $3,000 up to
$15,000 to help them offset the cost of installing a solar power array. The solar
rebates start for systems as small as 3-kW and are capped at maximum size of
15-kW to comply with Bluebonnet’s interconnection agreement.

In addition
to the Longhorn Solar rebate, Bluebonnet members that install solar can also
take advantage of the 30 percent Federal Solar Tax Credit, which means that a
customer that installs a 15-kW system would also receive a federal solar tax
credit up to $12,375.

By combining
the $1 per-watt solar rebate with the 30 percent federal solar tax credit,
Bluebonnet Coop members are now able to utilize solar incentives to pay for
around 50 percent of the solar system’s cost.

The solar
powered savings for PEC customers will be substantial. A 15-kW solar power
array will generate approximately $63,000 worth of free solar electricity over
the solar system’s 25-year life cycle.