Solar power in Dallas, Texas
Since most of the lines are owned by Oncor, almost all Dallas residents and business owners can receive a rebate up to $5,000 averaged at about $2,800. Rebates like these are a rare sight nowadays.
All utilities offer a solar buy back program crediting you for unused power exported to the grid. If your solar system produces more than what the home uses you will receive credit on future bills.
Not to mention after you subtract your utility rebate, you can claim a large portion of the cost as a deduction to federal taxes over however many years you please. The federal solar tax credit imposes no size restrictions.
These 3 incentives together are rare and usually don't last long since being seen as too generous. No good will come from waiting to go solar.
The average cost of installing residential solar panels in Dallas,
Texas in 2024 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 Dallas, TX
is $12,600.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Texas is only 1168kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Dallas solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Texas solar savings calculator can do this because it contains a database of the electric rates charged by Cap Rock Energy Corporation, City of Garland, Denton County Elec Coop Inc, Fannin County Electric Coop, Farmers Electric Coop Inc, Farmersville City of, Grayson-Collin Elec Coop Inc, Greenbelt Electric Coop Inc, HILCO Electric Cooperative Inc., Lighthouse Electric Coop Inc, Southwestern Electric Power Co, Trinity Valley Elec Coop Inc, Oncor Electric Delivery (formerly TXU), Texas-New Mexico Power Company, TXU Energy Retail Co LP, Reliant Energy Retail Services
How much can solar panels save you in Dallas
What does the cost of a real solar system look like?
Facts about installing a 15.36kW solar system in Dallas, TX
This system would offset 100% of your energy usage if your typical monthly bill is $228, however your situation may vary so try our Dallas solar calculator to get a result tailored to you.
$26,143
Net cost of system
8 Years 1 Month
Average payback time
21,046 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
23¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 15.36kW system
Life-time savings on this system over the next 25 years
$83,946
(Prices shown after repayments of capital)
65
Solar companies in Dallas, TX that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Dallas
| 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 |
Find out what system size you need 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 |
| 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 |
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.
