Solar Savings Calculator for Austin, TX

Homeowners in Austin pay an average of $172/month for electricity through Austin Energy. With 5.3 peak sun hours per day, solar panels can significantly reduce your energy costs.

$172
Avg Monthly Bill
14.5¢/kWh
Electricity Rate
5.3h/day
Peak Sun Hours
$57,517
Est. 25-Year Savings

Calculate Your Savings in Austin

Adjust Your Details for Austin, TX

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$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
7.6 kW
Panel Count
19 panels
Total System Cost
$20,520
Federal Tax Credit (30%)
-$6,156
Net Cost
$14,364
Annual Savings
$2,064
Payback Period
7 years
25-Year Savings
$57,517
Return on Investment
400%

* Estimates based on 5.3 peak sun hours/day in Austin, TX, system cost of $2.7/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Local Solar Details for Austin

Utility & Permits

Utility Company
Austin Energy
Permit Cost
$375
Permit Timeline
2-4 weeks
Net Metering
partial

System Estimates

Recommended Size
7.6 kW
Panel Count
19 panels
Gross Cost
$20,520
Net Cost (after credits)
$14,364

Available Incentives for Austin, TX

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

Texas Solar Property Tax Exemption

The added home value from solar panels is exempt from property taxes.

100% property tax exemption

Other Cities in Texas

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