Solar power in Katy, Texas
Alba Energy offers Katy solar customers a rebate of up to $4,500 and the ability to sell power back to the grid with their net metering policy.
If you have a taxable income you can claim a big chunk of the system costs - 26% in 2020 - as a deduction to federal taxes after deducting your rebate first. The federal solar tax credit can be used in increments over several years if you wish and is also set to cover the specified percentrage no matter how large the system.
Incentives in Katy are extremely rare, and being so generous it is unlikely they will last long.
Put your address into our solar calculator to view how many solar panels you need, how much it will cost and how long it will take to get your money back!
Net Metering Broken Down
Net metering requires your utility to credit unused solar generation sent to the grid at the retail power price offsetting the cost of power drawn from the grid on a 1 for 1 basis. When more power is exported to the grid than consumed customers are credited on future bills or even payed if credit still remains at the end of the 12 month billing cycle.
With plenty of sun, net metering in Katy can save or even make you some serious money and also factor in that with the rebate and tax credit a solar system here is way cheaper!
The average cost of installing residential solar panels in Katy,
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 Katy, 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 Katy 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 Entergy Texas Inc., Panola-Harrison Elec Coop Inc, San Bernard Electric Coop Inc, Southwestern Electric Power Co, Upshur Rural Elec Coop Corp, Reliant Energy Retail Services
How much can solar panels save you in Katy
What does the cost of a real solar system look like?
Facts about installing a 14.9kW solar system in Katy, TX
This system would offset 100% of your energy usage if your typical monthly bill is $208, however your situation may vary so try our Katy solar calculator to get a result tailored to you.
$25,360
Net cost of system
8 Years 6 Months
Average payback time
19,200 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 14.9kW system
Life-time savings on this system over the next 25 years
$74,389
(Prices shown after repayments of capital)
50
Solar companies in Katy, TX that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Katy
| 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 |
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.
