Shop Solar Buyback Electricity Plans in Texas

Solar Buyback Electricity Plans in Texas

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.

In a hurry? 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.

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.

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 (like MP2) 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.

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 is our top recommendation for solar buyback. With the Simply Solar Buyback plan, Rhythm will buy your excess power at the same rate per kWh that you pay for your electricity (excluding delivery).There’s no cap on the amount of bill credits you can receive. 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.

Here are the best solar buyback rates in Texas.

Best Solar Buyback Electricity Plan in Houston (Centerpoint)

Provider Plan Name Term Rate/kWh
MP2 Energy Solar Buyback 24 24 14.0 ¢ Details
MP2 Energy Solar Buyback 12 12 14.1 ¢ Details
Chariot Energy Rise 36 (Solar Buy Back Plan) 36 14.4 ¢ Details
Chariot Energy Rise 12 (Solar Buy Back Plan) 12 15.4 ¢ Details
Rhythm Home Solar BuyBack 12 12 15.4 ¢ Details

Best Solar Buyback Electricity Plan in Round Rock or Dallas (Oncor)

Provider Plan Name Term Rate/kWh
MP2 Energy Solar Buyback 12 12 13.2 ¢ Details
MP2 Energy Solar Buyback 24 24 13.2 ¢ Details
Chariot Energy Rise 36 (Solar Buy Back Plan) 36 14.0 ¢ Details
Rhythm Home Solar BuyBack 12 12 14.2 ¢ Details
Chariot Energy Rise 12 (Solar Buy Back Plan) 12 15.0 ¢ Details

Shop Solar Buyback Plans in Texas

Electric Plans for Solar Owners – The Fine Print

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 above isn’t the buyback payment amount. You’ll get paid back just based on the energy rate, excluding delivery. In the chart below, we’ve summarized how each of these plans pay out in net metering, for your solar buyback.

Solar Buyback PlanSolar Buyback RateOther DetailsRenewable PercentageEarly Termination Fee
Rhythm Simply Solar BuybackBuyback at same energy rate you pay.Unlimited buyback. Credits roll month over month. No cash-out option.Any power you purchase is 100% backed by RECs.$10 per month remaining in contract
Chariot Energy Rise SolarBuyback at same energy rate you pay.Unlimited buyback. Credits roll month over month. No cash-out option.Any power you purchase is 100% backed by solar RECs.$15 per month remaining in contract
MP2 Energy Solar BuybackBuyback 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.$149 flat fee

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.

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