Cost of solar in Austin, TX
Electricity Consumption in Austin
Electricity Consumption by Texas residents averages 1168 kWh per month. It ranks #13 in the nation for savings from installing solar panels on the home.
Find local city information
Solar power in Austin, Texas
High energy prices, great sunshine and Austin Energy's incentives provide the perfect environment for solar.
The key reason for solar taking off in Austin is Austin Energy's feed-in-tariff program. The way this feed-in-tariff works is when your solar system produces more energy than what is being used in the home the unused energy is sent to the grid and Austin Energy pays you for it.
The current feed in tariff is set at 6.7 cents per kWh which will very rarely wipe out your bill however has the potential to reduce it significantly.
Austin Energy also offer a rebate program of $2,500.
After claiming any other rebates you may claim 30% of the remaining cost of installing solar as a deduction to federal taxes. With about 35% of costs already covered and a solid feed-in-tariff going solar in Austin is a great investment.
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in Austin and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Estimate your solar savings
The average cost of installing residential solar panels in Austin, Texas in 2018 is $3.56 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Austin, TX is $17,800. (before claiming 30% tax credit and other rebates)
What does the cost of a real solar system look like?
Facts about installing a 7.65kW solar system in Austin, TX
This system would offset 100% of your energy usage if your typical monthly bill is $124, however your situation may vary so try our solar calculator to get a result tailored to you.
$16,350
Net cost of system
Cash - after 30% solar tax credit
9 Years 1 Month
Average payback time
10,405
kWh
Annual power production
6¢
/kWh
levilized cost of solar energy
25¢
/kWh
If you don't get solar
The forecast average utility price over the next 25 years
Cash flow graph based on cash purchase of this 7.65kW system
Life-time savings on this system over the next 25 years
$42,551
(Prices shown after repayments of capital)
Solar companies in Austin, TX that provide pricing through the Solar-Estimate marketplace
62
Average total cost of solar panel installation in Texas
| System Size | Cash purchase After 30% solar tax credit |
Financed purchase After 30% solar tax credit |
|---|---|---|
| 3kw | $8,190 | $8,845 |
| 4kw | $10,612 | $11,461 |
| 5kw | $12,880 | $13,910 |
| 6kw | $14,952 | $16,148 |
| 7kw | $16,905 | $18,257 |
| 8kw | $18,704 | $20,200 |
| 9kw | $20,349 | $21,977 |
| 10kw | $21,840 | $23,587 |
Design your own solar panel system for your home
Going solar in Texas
Check out all of the ways energy providers of Texas can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Renewable Energy Tax Credit | Federal | Personal Tax Credit |
| Austin Energy - Residential Solar PV Rebate Program | Utility | Rebate Program |
| Oncor Electric Delivery - Solar Photovoltaic Standard Offer Program | Utility | Rebate Program |
| City of San Marcos - Distributed Generation Rebate Program | Utility | Rebate Program |
| Austin Energy - Value of Solar Rate: 9.7 cents per kWh (effective January 1, 2018) | Utility | Feed In Tarrif |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.