Workers install solar panels on a residential home in 2016. CPS Energy's rebates have helped make San Antonio one of the top cities for rooftop solar in the nation.The sun may be setting on CPS Energy’s residential solar rebate program.
First, the price of solar has dropped substantially since CPS Energy first started offering rebates in 2007. Prices have dropped by 64% since 2010, according to the National Renewable Energy Laboratory, in large part thanks to an 85% drop in module cost. “We want to be clear — the solar rebates expiring or sunsetting doesn’t mean that we’ve stopped supporting solar,” Tijerina said. “For us, solar is a product category, and there’s a lot of different initiatives and programs that we can do within that.”
Since then, CPS Energy has paid out roughly $166 million in solar rebates, Luna said, which has subsidized the installation of about 27,000 solar panel systems.study
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