Top Solar Buyback Plans in Texas

Solar buyback plans let customers earn credits for transferring extra energy from their solar panels to the electricity grid. When your system generates more electricity than you need, you can sell the surplus and receive credit. The export rates and compensation method may vary by provider. Some will pay you directly, while others only offer credits toward future energy bills.

When picking a solar buyback plan, consider the rate per kilowatt-hour (kWh) and compensation details. Check if any fees are associated with the buyback process and whether the plan includes options for rolling over or transferring unused credits. The following are a few important terms when comparing Texas solar buyback plans.

• Maximum size: The size requirement of your solar panel system in kilowatts (kW).
• Import rate: The retail rate you pay for electricity per kWh.
• Export rate: The rate you earn per kWh of electricity sold to the grid.
• 1:1 buyback: When the import and export rates match.
• Wholesale: You receive the wholesale price for exported energy, which is usually less than the retail rate and varies based on supply and demand.
• No cash-out: Credits cannot be converted to cash and may not be transferable to other providers.
• Fixed-rate: The rate you are paid for your excess energy stays the same.

Texas consistently leads the nation for renewable energy resources. The Lone Star State ranks first for wind energy generation and second for solar power. Due to abundant renewable resources, many Texas energy providers offer green energy plans, including solar buyback options. Explore a few top Texas energy providers for solar energy:

• TXU Energy is one of Texas’ best energy suppliers. It is well known for high-quality customer service and plan variety. TXU offers solar buyback plans that will pay you for excess energy at the same rate you pay for electricity (1:1 buyback match). A great benefit of this provider is that it allows rollover credits.
• Gexa Energy specializes in 100% renewable energy plans, including solar buyback options. With Gexa’s solar buyback plan, you can earn energy credits for your excess solar energy and apply these to your future energy bills.
• Green Mountain Energy offers renewable electricity plans across the country. This provider rewards solar panel owners with buyback plans. You’ll earn unlimited credits for your additional solar energy generation.

The best power company for solar buyback plans depends on your preference for rates, credits, and company reputation. Enter your ZIP code on our marketplace to compare energy plans from these providers and more.

Solar buyback plans can be beneficial if you know how to make the most of your electricity plan. Here’s how to maximize your solar investment and buyback plan:

• Export more energy from your solar array by decreasing your electricity consumption. A great way to lower energy usage is to adjust your thermostat to use less heating and cooling.
• Keep your solar panels clean from debris or objects blocking the sun to ensure they are working properly.
• Try to use most of your electricity during peak solar production hours.
• Carefully compare your options while shopping to ensure you are happy with your chosen export rate.

The main drawback to solar buyback plans is they may not be as profitable as you initially assume. For example, it’s unlikely that you will pay off your solar system or cover your monthly electricity costs with earnings from your buyback plan. It’s more likely that a solar buyback plan will help lower your energy bill through usage credits. Additionally, solar buyback plans may not be the cheapest electricity plan available in your area. If you are concerned about energy costs, consider shopping for affordable fixed-rate plans on our marketplace.

How much can I make from a solar buyback plan?

The amount you can make from a solar buyback plan depends on the export rate. Plans offering matching import and export rates will generally provide more earnings. You can earn more from your solar panel system by choosing a plan with favorable rates and cash-out options. However, many solar buyback plans offer energy credits for your future energy bills. This option doesn’t put cash in your pocket but can lower your monthly energy costs.

Is solar buyback worth it?

Yes, solar buyback plans can be worth it if your solar panel system generates large amounts of energy. With a solar buyback plan, you can earn money toward your energy bills from excess generation. However, the earnings are typically modest under this type of plan, and solar buyback plans often have expensive energy rates for when you have to rely on the grid.

What is the difference between net metering and buyback?

Solar buyback programs have varying prices for consumption and generation, while net metering provides the full retail rate for extra energy generation. Solar buybacks are an energy plan choice in Texas, while net metering is a program for solar owners. Since Texas does not have a statewide net metering program, energy companies offer solar buyback plans as an alternative.

Which Texas energy company is best for solar energy owners?

Gexa Energy, Green Mountain Energy, and TXU Energy are all top-rated Texas providers with solar buyback options. The best company for a solar buyback plan will depend on who offers the most favorable export rate. Read our provider reviews to learn more about the best fit for you.