Cost & Savings Breakdown
Based on $150/month electric bill in Laredo
System Size
6.5 kW
Annual Production
11,061 kWh
Gross System Cost
$17,960
Federal Tax Credit (30%)
-$5,388
State Incentive
-$1,000
Net Cost
$11,572
Monthly Savings
$122
CO₂ Offset/yr
10,176 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityAEP Texas
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.132/kWh
Peak Sun Hours5.8 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,000
Texas State Incentive — Texas offers a property tax exemption for the added home value from solar.
Common Questions
How much does solar cost in Laredo?
Solar in Laredo, Texas costs approximately $17,960 for a 6.5 kW system. After the 30% federal tax credit, your net cost is about $11,572.
What is the solar payback period in Laredo?
The estimated payback period for solar in Laredo is 7.9 years, based on a $150/month electric bill and local sun hours of 5.8 hrs/day.
Does AEP Texas offer net metering?
AEP Texas offers Full Retail net metering. Full retail rate.