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Key Points
- Texas solar buyback plans allow customers to earn credits toward their monthly electricity bills.
- With a solar buyback plan, you can send excess energy generated by your panels back to the power grid to increase your savings.
- Call the number on your screen to shop solar buyback plans from reputable Texas energy companies.
Texas solar buyback FAQs
Yes, Texas energy companies offer solar buyback energy solutions to consumers. Unlike some other states, Texas doesn’t have a statewide net metering policy requiring energy providers to offer credits in exchange for excess solar power. Instead, numerous power companies offer solar buyback plans that customers in deregulated areas can choose. Companies are free to set their own rates and buyback terms, so it’s important to compare multiple options to find the best solar buyback rates in Texas.
If your solar panels consistently produce more electricity than you can use on a given day, then a solar buyback plan is a great way to convert that excess energy into more savings. It’s easy to sign up for a buyback plan and start earning credits toward your bill.
Net metering programs are state-regulated and provide full retail credits for any excess solar energy you return to the grid. Solar buyback programs, meanwhile, are an alternative program, and rates vary by provider. Texas does not require solar net metering, but a number of electricity providers offer solar buyback plans.
The amount of money you can make selling excess solar power depends on your energy plan’s terms. For example, Gexa Energy’s Solar Export Saver 12 plan offers an export rate of 3 cents per kWh for up to 475 kWh of excess electricity. That means the maximum you can get back in credits is $14.25 per month. In order to calculate your savings, do this math for every solar buyback plan you are considering.