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Texas Renewable Energy Incentives - Becoming Energy Independent
by Rich Hessler Solar on Jun 17, 2010
Apart from TXU partnering with various solar companies to lease solar panel systems to homeowners, Texas provides other incentives for businesses and homeowners involved in renewable energy technologies.
Texas incentives allow for companies and other organization subject to their franchise tax to deduct 10% of the total cost of a solar energy system from the franchise tax
Another of Texas' incentives includes corporations involved in the manufacturing, selling, and installation of solar energy devices to be exempt from the state franchise tax. This exemption is significantly beneficial to manufacturers as there is no ceiling on the exemption.
According to Texas' solar incentives program, the franchise tax is equivalent to the corporate tax.
A solar energy device is defined as a system or series of mechanisms designed primarily to provide heating or cooling or to produce electrical or mechanical power by collecting and transferring solar-generated energy....Read More >>
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