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 power buy back rates, and electricity plans that offer net metering.
In a hurry? Jump directly to the list of best solar buyback electricity plans 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.
To sell solar power back to the grid in Texas, you will need:
- A smart meter
- An interconnection agreement with your utility company (CenterPoint Energy, AEP Texas, Oncor Electric Delivery or Texas-New Mexico Power). Don’t worry about that. 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.
What is a Solar Buyback Plan?
If you’ve run the payback numbers on home solar panels you may already be familiar with solar buyback. It’s also known as net metering.
Net metering 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.
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.
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.
Best Solar Buyback Companies in Texas
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. You can also get solar buyback electricity plans from the large, major providers.
Rhythm offers net metering as an option on all of their electricity plans. Plus these plans are 100% renewable energy electricity plans. Sign up, then contact Rhythm’s customer care team to enroll in the distributed renewable generation buy-back program. They’ll buy your excess power at the same rate per kWh that you pay for electricity.
And, here are the best solar buyback plans in Texas.
Best Solar Buyback Electricity Plan in Houston (Centerpoint)
|MP2 Energy||Solar Buyback 24||24||11.3 ¢||Details|
|MP2 Energy||Solar Buyback 12||12||11.7 ¢||Details|
|Rhythm||Rhythm TX Breeze 36||36||12.6 ¢||Details|
|Rhythm||Simply Green 12||12||12.7 ¢||Details|
|Rhythm||Rhythm TX Breeze 24||24||12.8 ¢||Details|
|Rhythm||Rhythm TX Breeze 12||12||13.5 ¢||Details|
Best Solar Buyback Electricity Plan in Round Rock or Dallas (Oncor)
|MP2 Energy||Solar Buyback 24||24||10.7 ¢||Details|
|MP2 Energy||Solar Buyback 12||12||11.1 ¢||Details|
|Rhythm||Simply Green 12||12||11.6 ¢||Details|
|Rhythm||Rhythm TX Breeze 36||36||11.7 ¢||Details|
|Rhythm||Rhythm TX Breeze 24||24||12.0 ¢||Details|
|Rhythm||Rhythm TX Breeze 12||12||12.5 ¢||Details|
Shop Solar Buyback Plans in Texas
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.