Cost & Savings Breakdown
Based on $150/month electric bill in Plano
System Size
7.1 kW
Annual Production
11,406 kWh
Gross System Cost
$19,531
Federal Tax Credit (30%)
-$5,859
State Incentive
-$1,000
Net Cost
$12,672
Monthly Savings
$122
CO₂ Offset/yr
10,494 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityOncor
Net Metering PolicyAvoided Cost
Compensation RateWholesale rate
Capacity LimitNone
Electricity Rate$0.128/kWh
Peak Sun Hours5.5 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 Plano?
Solar in Plano, Texas costs approximately $19,531 for a 7.1 kW system. After the 30% federal tax credit, your net cost is about $12,672.
What is the solar payback period in Plano?
The estimated payback period for solar in Plano is 8.7 years, based on a $150/month electric bill and local sun hours of 5.5 hrs/day.
Does Oncor offer net metering?
Oncor offers Avoided Cost net metering. Wholesale rate.