One option is a solar buyback plan.
“If you buy a solar system, you should get dibs to use the electricity first.
Any excess should be compensated through a competitive and transparent buyback program.
While Texas offers numeroussolar incentivesand rebates, it lacks a formal statewidenet metering policy.
Instead,energy providersoffer solar buyback plans as an alternative way to benefit from your investment.
What is a solar buyback plan?
Texas energy choice allows you to choose your electricity provider and plan.
Solar buyback plans come with additional considerations compared to standard electricity plans in Texas.
Read yourelectricity facts label(EFL) and all the plan details to maximize your return on investment.
Here are key terms to know when comparing solar buyback plans.
Solar buyback plan key terms
Is a solar buyback plan right for me?
Solar buyback plans are not suitable for every homeowner with solar.
Consider the following to determine the best option for you.
Solar energy value
The export value determines how much you earn for surplus solar energy.
“As a solar owner, you’re now contributing to these services.
It’s important not to settle for rock-bottom wholesale prices, which benefit utilities more than you.”
Solar buyback plan details
Not all plans are created equal.
Details and restrictions will vary by provider.
Some providers allow unlimited credits with no cap or expiration date, while others have an expiration date.
Rates for exports also differ.
Some providers pay retail wholesale prices while others have a set rate.
Consideryour energy usageto find the best plan.
If you’re a night-time energy user, a plan with free nights may be preferable.
Review the fine print details to fully understand each plan’s benefits for a well-informed choice.
Solar is an expensive investment.
The export rate should fairly pay for your contributions to the grid andlower your energy billsto maximize return.
Constantine said, “Solar panels are good for at least 20 to 25 years.
The buyback program should at least compensate for what it costs you to buy and produce solar.”
Traditional energy plans may be more cost-effective for high energy usage andsolar batteryowners.
Contributing to a more sustainable environment has more emotional than financial value.
“There’s an individual consideration.
A belief that you’re doing something for the climate and resilience in the clean grid of the future.
you could’t really monetize how good you feel about doing something for the planet,” Constantine said.
Why does my electric plan matter if I have solar panels?
Unless you want anoff-grid solar system, then you are stillconnected to the grid.
While your reliance is significantly lower, you may still need help from time to time.
When this happens, you need an energy plan to provide electricity.
Choosing an energy plan complements your solar panel system so you keep power flowing to your home.
Texas does not have a standard statewidenet meteringpolicy, so the options vary by provider.
While the options are similar, solar buyback plans differ from net metering.
Providers compete to offer favorable import and export rates, allowing homeowners to choose the best plan.
If you don’t want to sell excess energy, consider solar batteries for energy storage.
Many sites likeSaveOnEnergymake it easier by helping you search, compare and sign up for electricity in Texas.
it’s possible for you to also use the state’s comparison tool,Power to Choose.
Start by entering your ZIP code on one of the sites listed.
A long list of energy plans for your area will appear.
Filter and sort available plans based on contract length, providers, renewable energy content and other preferences.
Take note of any hidden fees like an early termination fee or specific transmission and distribution charges.
Consider your electricity usage and ensure your energy plan benefits you.
