ONCOR ADDS INCENTIVE PROGRAM
DALLAS (Oncor) – Monday, Oncor expanded its solar energy initiatives to include the Take A Load Off, Texas Solar Water Heating Incentive Program.
Oncor’s Solar Water Heating Incentive Program offers cash incentives for the purchase and installation of qualifying residential solar water heating systems. Oncor expects to install about 1,100 new solar systems over the next four years through this $2 million program. Only homes served by Oncor and using electric water heating systems are eligible.
By preheating water with the sun’s energy, systems typically reduce the electricity required for hot water needs by 40 to 85 percent. Oncor will pay an incentive of $600 to $1,500 per installed system, based on the system’s predicted performance.
As a result of its 31 programs that encourage energy efficiency, Oncor will operate one of the largest energy efficiency initiatives sponsored by a regulated utility in Texas.
For more information on the Solar Water Heating Incentive Program and other Oncor energy efficiency programs, visit http://www.oncor.com/electricity/teem/default.aspx.