CPS Energy renews rooftop solar rebate program, commits $15M in new funding

(San Antonio Business Journal) CPS Energy is renewing its rooftop solar rebate program with another $15 million in funding.

CPS Chief Operating Officer Cris Eugster said the utility company will pay a 60-cent-per-watt rebate for rooftop solar projects, with an additional 8 cents for projects using solar panels made by local manufacturer Mission Solar Energy and 2 cents more for using local inverter maker KACO new energy.

The new rebate program includes stricter guidelines for installers and goes into effect on Feb. 3.