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Key Points
- Solar buyback plans in Texas allow customers to earn cash or credits toward their monthly electricity bills.
- With a buyback plan, you can send any excess solar energy generated by your solar panels back to the grid to increase your savings.
- Texas solar buyback rates vary by provider and plan type and may not match the price you pay for electricity.
Texas solar buyback FAQ
Yes, several electricity companies offer Texas solar buyback plans. You can typically earn credits toward your energy bill, and in some cases, you may even receive cash payments.
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, so there are no real downsides to these programs.
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.