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.

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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 to find out:

 

Estimate your solar savings

 

Solar power in Texas

The average cost of installing residential solar panels in Plano, 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 Plano, 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 9.13kW solar system in Plano, TX

This system would offset 100% of your energy usage if your typical monthly bill is $137, however your situation may vary so try our solar calculator to get a result tailored to you.

$20,579

Net cost of system
Cash - after 30% solar tax credit

10 Years 1 Month

Average payback time

12,646
kWh

Annual power production


/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 9.13kW system

Life-time savings on this system over the next 25 years

$43,364

(Prices shown after repayments of capital)

 


 

Solar companies in Plano, TX that provide pricing through the Solar-Estimate marketplace

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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

 

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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.