Oncor, operator of the largest distribution and transmission system in Texas, has officially launched its first solar power initiative, the Take A Load Off, Texas Solar Photovoltaic Incentive Program. According to Oncor, this initiative will encourage expansion of solar energy in Texas, create new jobs for experienced installation experts and make solar systems more accessible.
Oncor's program offers cash incentives to qualified homeowners, businesses and governments to add solar photovoltaic power systems. Oncor expects to install about 1,400 new solar systems via this $16 million, four-year program. Only homes, businesses and government buildings served by Oncor are eligible for the incentive program.
Oncor will pay an incentive of $2.46 per DC watt – up to a maximum of $24,600 for each residential installation and up to $246,000 for all other installations. The Take A Load Off, Texas program is one of 12 new programs Oncor plans to offer this year to promote renewable energy and encourage energy efficiency.