Although the financial reasons for installing renewable energy vary, depending upon electricity retailers, governments, and electric delivery companies, the most common incentives include:
Tax credits which are available from the government.
Rebates and financial incentives from electric delivery companies.
The ability to reduce and stabilize your energy costs.
Increased property values in most instances.
Providing backup power during an utility outage, if you have battery storage or a generator.
Generating credit on your electricity bill with a grid-tied system by sending electricity back to the utility company, also known as net metering, which again, depends on your electricity retailer in Texas.