Average cost for solar panels in texas

How much do solar panels cost in Texas?

With these incentives, the average cost of solar panels in the state is only $12,768. Beyond immediate savings, investing in the best solar panels promises long-term benefits, from offsetting the high average cost of electricity in Texas to enhancing the value of your home. An 8 kW system costs $18,240 but you pay $12,768 after incentives.

Is it worth it to go solar in Texas?

Going solar in Texas is worth it due to the below-average cost of solar panels. The average cost of solar panels in Texas is $3.18 per watt, which is lower than the U.S. average of $3.33 per watt.

How much does a 5kw Solar System cost in Texas?

Her writing has appeared in a variety of publications, including Real Simple, CNET, Bankrate and more. See full bio. The average cost of a 5kW solar panel system in Texas is $11,982 ($8,387 after tax incentives). Texas' high electricity needs fuel large solar panel systems.

Do solar panels pay off in Texas?

Based on feedback from hundreds of Texas solar customers, the general consensus is that solar panel investments pay off over time. Assuming an upfront purchase, it takes about 7.5 years to break even (when your savings with solar panels make up for the cost). The average solar panel installation costs $2.10 per watt in Texas.

Are solar panels a good investment in Texas?

Texas also has attractive solar incentives to help you save on the cost of solar panels. Plus, solar panels offer higher electric bill savings as state power costs rise, totaling thousands of dollars over the 25-year lifetime of a system.

Are solar panels tax deductible in Texas?

The federal solar investment tax credit is usually the most significant financial incentive for homeowners buying solar panels. It is not a rebate or a refund, but it goes toward what you owe on federal income taxes. In Texas, you can lease a system or enter a power purchase agreement with lower upfront costs.