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.

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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.

30% federal solar tax credit

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:

 

Estimate your solar savings

 

Solar power in Texas

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


/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

 


Solar calculator and quote comparison tool

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:
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.