Cost of solar in Plano, TX
Electricity Consumption in Plano
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 Plano, Texas
Oncor by far offers the best solar incentives in Plano and maybe even the whole state. For each kW of installed solar Oncor offers a rebate of $538.53. There is also a Feed in Tariff (FiT) of 25 cents per kWh nearly 3 times the retail power rate. With most people being out of the house during the day when solar is producing the most power this FiT will make you a lot of money.
30% of the system cost after the utility rebate may also be claimed as a deduction to federal taxes. The federal solar tax credit can be used in parts over several years or all in one year, there is also no size limit to receive the full 30% credit. Especially in Texas incentives like these are extremely rare and Oncor will slowly be reducing their incentives in the next few years. Enter your zip code below to get a quote and a detailed estimate of how much solar will save you!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Plano 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 Plano 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 Plano, Texas in 2020 is $2.52 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Plano, TX is $12,600. (before claiming 26% tax credit and other rebates)
What does the cost of a real solar system look like?
Facts about installing a 14.53kW solar system in Plano, TX
This system would offset 100% of your energy usage if your typical monthly bill is $218, however your situation may vary so try our Plano solar calculator to get a result tailored to you.
$24,730
Net cost of system
Cash - after 26% solar tax credit
8 Years
Average payback time
20,123
kWh
Annual power production
5¢
/kWh
levilized cost of solar energy
23¢
/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 14.53kW system
Life-time savings on this system over the next 25 years
$80,652
(Prices shown after repayments of capital)
Solar companies in Plano, TX that provide pricing through the Solar-Estimate marketplace
50
Average total cost of solar panel installation in Texas
| System Size | Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $5,972 | $6,450 |
| 4kw | $7,785 | $8,408 |
| 5kw | $9,546 | $10,310 |
| 6kw | $11,189 | $12,084 |
| 7kw | $12,795 | $13,818 |
| 8kw | $14,267 | $15,409 |
| 9kw | $15,718 | $16,975 |
| 10kw | $17,020 | $18,382 |
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 |
| Renewable Energy Property Tax Incentive | State | Property Tax Incentive |
| Farmers Electric Cooperative - Residential Energy Efficiency Rebate Program | Utility | Rebate Program |
| Oncor Electric Delivery - Solar Photovoltaic Standard Offer Program (Waitlist) | Utility | Rebate Program |
| Coserv - Solar Energy Rebate | Utility | Rebate Program |
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.