Solar buyback electricity plans put money back in your pocket. It’s called Texas Net Metering. Your electric company pays you for your excess solar power that you generate from the solar panels on your roof. Here’s all about Texas solar buy back rates, and electricity plans that offer net metering.
Jump directly to the list of best solar buyback electricity rates in Texas.
How to Sell Solar Power Back to Grid in Texas
If your solar panels produce more power than you can use during the day, you can sell the excess power back to the grid. This is called solar buyback or net metering.
Net metering or solar buyback is the ability to sell your excess solar power back to the grid.
Your electricity company will buy your excess solar power from you. And you’ll receive the money as a bill credit. To sell solar power back to the grid in Texas, you will need:
- A smart meter
- An interconnection agreement with your utility company. (Your retail electricity provider will give you all the paperwork.)
- A retail electricity provider that will buy your excess power through a solar buyback or net metering plan.
Here are the best solar buyback rates in Texas.
Best Solar Buyback Electricity Plan in Houston (Centerpoint)
|Champion Energy Services||Champ Saver 36||36||15.3 ¢||Details|
|Champion Energy Services||Champ Silver 24||24||15.4 ¢||Details|
|Champion Energy Services||Champ Saver 24||24||15.5 ¢||Details|
|Champion Energy Services||Green Energy 24||24||16.1 ¢||Details|
|Shell Energy||Solar Buyback 24||24||17.2 ¢||Details|
|Champion Energy Services||Champ Saver 12||12||17.7 ¢||Details|
|Shell Energy||Solar Buyback 12||12||20.0 ¢||Details|
|Rhythm||Rooftop Solar BuyBack 12||12||20.1 ¢||Details|
|Chariot Energy||Rise 12 (Solar Buy Back Plan)||12||21.9 ¢||Details|
Best Solar Buyback Electricity Plan in Round Rock or Dallas (Oncor)
|Champion Energy Services||Champ Saver 36||36||14.8 ¢||Details|
|Champion Energy Services||Champ Silver 24||24||14.9 ¢||Details|
|Champion Energy Services||Champ Saver 24||24||15.0 ¢||Details|
|Champion Energy Services||Green Energy 24||24||15.6 ¢||Details|
|Champion Energy Services||Free Weekends 18||18||16.0 ¢||Details|
|Shell Energy||Solar Buyback 24||24||16.1 ¢||Details|
|Champion Energy Services||Champ Saver 12||12||16.7 ¢||Details|
|Shell Energy||Solar Buyback 12||12||18.8 ¢||Details|
|Rhythm||Rooftop Solar BuyBack 12||12||18.8 ¢||Details|
|Chariot Energy||Rise 12 (Solar Buy Back Plan)||12||20.8 ¢||Details|
Shop Solar Buyback Plans in Texas
Best Solar Buyback Companies in Texas
If you’ve made the investment in solar panels for your home, you’ll want to find the best energy supplier or best electric company for solar panels.
Smaller retail electricity providers that are environmentally focused offer some of the best Texas net metering programs. These electric companies have all made a commitment to renewable energy. And with their solar buyback plans, they are walking the walk, in addition to talking the talk.
If you want sell excess power back to the grid at the same price per kWh that you pay, then Chariot Energy is our top recommendation for solar buyback. Chariot will buy your excess power at the same rate per kWh that you pay for your electricity (excluding delivery), with no limits on volume. Plus these plans are 100% renewable energy electricity plans. Sign up, then contact Chariot’s customer care team to enroll in the distributed renewable generation buy-back program.
If you want to sell excess power back to the grid at the real time price of wholesale electricity, then Champion Energy is our top recommendation for solar buyback. The rate shown here includes our exclusive Champion Energy promo code discount rate. So you’ll get a low price for your power that you purchase, from a company rated number one in customer service. And this summer when energy prices are peaking as high as 50 cents per kWh (the ERCOT market cap)? You can get rewarded for putting energy onto the grid.
Just make sure you understand, the real time price of electricity changes every 15 minutes. It’s capped at 50 cents per kWh or $5000/MWh, but could be substantially less than that, including times when the wholesale price is 0.
Electric Plans for Solar Owners – Best Solar Buy Back Plan
When you’re a solar owner shopping for an electric plan, it pays to read the fine print. That’s true of any electricity plan, so you make sure you know what you are getting. But it’s especially true of Texas net metering plans.
The rates shown above are based on using 2000 kWh per month on average and include energy plus delivery charges. That’s how electricity rates are marketed, based on the Public Utility Commission of Texas rules.
But the amount you see in the charts above isn’t the buyback payment amount.
You’ll get paid back just based on the energy rate, excluding delivery. Other plans will pay you on the real time price of electricity at the time you are selling it back to the grid. During peak periods of the summer, that could get you a high rate for solar buyback.
In the chart below, we’ve summarized how each of these plans pay out in net metering, for your solar buyback.
Texas Solar Buyback Rates - Comparison Chart
|Solar Buyback Plan||Solar Buyback Rate||Other Details||Renewable Percentage|
|Rhythm Rooftop Solar Buyback||Buyback at the plan's electricity rate, excluding delivery.||One-to-One buyback up to your monthly usage. No cash-out option.||Any power you purchase is 100% backed by RECs.|
|Chariot Energy Rise Solar||Buyback at the plan's electricity rate, excluding delivery.||Unlimited buyback. Solar credits are settled out to cash each month as a bill credit. Any excess bill credits are refunded if you leave Chariot.||Any power you purchase is 100% backed by RECs.|
|Shell Energy Solar Buyback||Buyback at the real-time settlement point price of energy at the time you generated excess power, i.e. wholesale power price.||Unlimited buyback. Credits roll month over month. No cash-out option.||Any power you purchase is 100% backed by RECs.|
|Champion Energy - all plans||Buyback at the real-time settlement point price of energy at the time you generated excess power, i.e. wholesale power price.||Unlimited buyback. Credits roll month over month. No cash-out option.||Varies by plan purchased.|
How Much Can I Make Selling Solar Power Back to the Grid?
How much your electric company pays for your excess solar power depends on your electricity plan. Because you can’t literally sell power back to the grid. You’ll be selling it to your retail electricity provider.
Most companies will pay you on net metering at the same rate per kilowatt hour (kWh) that they charge you for electricity.
Remember though, your net metering credit will be equal to the price you pay per kWh for the electricity portion of your bill. That’s important.
Unless the plan you pick explicitly says they pay you back at the bundled rate of energy plus delivery? They don’t. So don’t use the average price per kilowatt hour from the electricity facts label when you’re figuring out what you’ll make selling solar back to the grid.
You need to look at the energy only or electricity only price. That’s the energy rate excluding delivery charges.
Other companies will buy your excess solar power based on their avoided costs. That means they’ll pay you what they would have spent buying wholesale power on the Texas electricity spot market. Simply stated? When you sell your excess power to the grid, your provider pays you the wholesale price of energy.
So, to be clear, to sell solar power back to the grid in Texas, not just any electricity plan will do. To sell solar power back to the grid in Texas, you need to pick a special solar buyback or net metering plan for your electricity. That’s the only way to get the best solar buy back rate.
Solar Panels Return on Investment in Texas
If you are considering rooftop solar panels, you may be shopping around to see solar buyback rates. That’s important to calculate your ROI and payback period for your solar panels.
You can get a custom proposal for your home solar panels by completing the form below.
We’ll connect you with Freedom Solar Power, the number one SunPower dealer in Texas. They’ll contact you to schedule an appointment.
Then an energy consultant will meet with you virtually or at your home.
You’ll get a custom proposal with system size, design, cost, financing and estimated electricity bill savings.
Oncor Texas Net Metering Programs
Oncor is the delivery company in North Texas and parts of Central and West Texas. Since they are no longer a retail electricity provider, they do not offer Oncor Texas net metering programs.
The only way to get paid for your excess solar power in Oncor is by picking an electricity supplier with solar buyback.
However, if you are installing a new solar panels and battery storage system on your home, you should look into Oncor solar rebates.
Your Oncor solar installation rebate depends on the size of your system. But a 7.2 kW system installation could be eligible for a rebate as high as$5,000. Talk to your installer about the Oncor solar rebate before you proceed with your new installation.
Net Metering in Regulated Texas Electricity Markets
The information above refers to solar buyback and net metering programs in Dallas, Houston and other deregulated areas of Texas. Here are resources on solar buyback if you live in a regulated area of Texas.
Solar Buyback Programs in Austin. Austin Energy offers a Value of Solar (VoS) Rate. In addition to your standard electrical meter, they’ll install a second meter on your home. This meter will measure your solar output. You’ll receive a bill credit for your solar generation at the applicable Austin Energy VoS rate.
Net Metering Programs in San Antonio. CPS Energy’s net metering program will pay you the current market wholesale electricity price for your excess solar power. You should contact CPS Energy directly to inquire about their program
Solar Buyback Programs in The Woodlands. Some areas of The Woodlands, just north of Houston, are in the Centerpoint electricity market (deregulated). Other areas of the Woodlands are in the Entergy electricity delivery market. If Entergy serves your home, you can find net metering information for The Woodlands on their website.
With a solar buyback, you can be compensated for that excess energy. In Texas, energy companies—like us—buy the excess energy produced by solar panels. That value is given to customers in the form of bill credits, and they're applied directly to their electric bills.Does Texas buy back solar energy? ›
TXU Energy Solar Buyback
There are 24-month and month-by-month versions of the Renewable Buyback program, but you get a much better feed-in tariff with the 24-month version. TXU offers the Renewable Buyback program for customers served by Oncor, CenterPoint, AEP and TNMP.
How to Sell Solar Power Back to Grid in Texas. If your solar panels produce more power than you can use during the day, you can sell the excess power back to the grid. This is called solar buyback or net metering.Why is net metering unfair? ›
This policy is unfair because it is too expensive, because it shifts essential electricity service costs to those who cannot afford or install solar on their roofs, and because its justification to jumpstart a nascent industry is no longer applicable.How much money can you make selling electricity back to the grid? ›
According to GV Balaram, managing director of KREDL, a farmer running a 5 KW solar photo-voltaic panel and selling one third of the power generated can earn about Rs 23,900 a year as one KW panel can generate an average of 4.5-5 units a day.How does solar energy buy back work? ›
It's a way for solar customers to offset their energy costs by transferring unused energy back to the grid. If they use more than they produce, they pay the usual retail rate. If they transfer more than they use, they get credited at the same rate.Is it worth going solar in Texas? ›
What are the benefits of going solar in TX? By going solar in Texas, you can enjoy lower energy bills, improved resale value of your home, increased energy independence, security with backup power during outages, and a reduced environmental footprint.Does solar increase home value in Texas? ›
Owning solar panels in Texas can bring a $3.00 increase per watt to your property's value, according to local solar experts. South Texas Solar Systems analyses show that solar homes sell 20% faster than properties without solar panels.Who has the highest solar feed in tariff? ›
At the time of writing (June 2022), GloBird Energy currently has the highest solar feed-in tariff offer in NSW, whereby the maximum a customer can get is 20 cents per kilowatt hour (c/kWh). Red Energy comes in second with 18 c/kWh with Powershop at third with 13 c/kWh.Can you make money with net metering? ›
Essentially, net metering is a process in which you can earn money for the excess electricity that your solar panels create but your home does not use. This excess energy is sent to the power grid, and is then used to power other homes or businesses.
But in case it generates more power than you use, you can sell solar power back to the grid and be credited for it. With a net metering connection, your solar PV system is connected to the main electricity grid that allows you to sell power generated by your solar panels.What is Texas power Payback Program? ›
What is the Power Payback™ program? The Power Payback™ program rewards you for doing something you already want to do—lower your energy bills. You'll also help avoid brownouts and rolling blackouts by actively managing your power usage during defined period of high electricity demand.Is solar worth net metering? ›
The greatest benefit of net metering to solar homeowners are the utility bill savings. Net metering can result in tens of thousands of dollars in savings over the lifetime of your solar panel system.Is NEM 3.0 retroactive? ›
Is NEM 3.0 retroactive? NEM 3.0 could make retroactive changes to existing versions of net metering in California by reducing grandfather terms to 5-10 years. However, under certain proposals, people who go solar before changes are implemented would be able to lock in their current net metering rates.Do adjacent home values decrease if a home has solar panels installed? ›
The study also found that homes that are built closer to solar installations suffer a greater decrease in property value than those that are further away: “We find substantially larger negative impacts on homes located within 0.1 mile of solar installations (-7.0 percent).”Is it worth going solar in Texas? ›
What are the benefits of going solar in TX? By going solar in Texas, you can enjoy lower energy bills, improved resale value of your home, increased energy independence, security with backup power during outages, and a reduced environmental footprint.Does Texas offer Netmetering? ›
Texas net metering
Although Texas doesn't have a statewide net metering policy, many utilities in the state (including El Paso Electric, the City of Brenham, CPS Energy, and Green Mountain Energy) have policies that credit owners of solar energy systems for the electricity that their panels produce.
Owning solar panels in Texas can bring a $3.00 increase per watt to your property's value, according to local solar experts. South Texas Solar Systems analyses show that solar homes sell 20% faster than properties without solar panels.Who pays the best solar feed in tariff? ›
At the time of writing (June 2022), GloBird Energy currently has the highest solar feed-in tariff offer in NSW, whereby the maximum a customer can get is 20 cents per kilowatt hour (c/kWh). Red Energy comes in second with 18 c/kWh with Powershop at third with 13 c/kWh.