Solar Savings Calculator for Plano, TX
Homeowners in Plano pay an average of $185/month for electricity through Oncor. With 5.2 peak sun hours per day, solar panels can significantly reduce your energy costs.
$185
Avg Monthly Bill
15¢/kWh
Electricity Rate
5.2h/day
Peak Sun Hours
$62,194
Est. 25-Year Savings
Calculate Your Savings in Plano
Adjust Your Details for Plano, TX
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
8 kW
Panel Count
20 panels
Total System Cost
$21,600
Federal Tax Credit (30%)
-$6,480
Net Cost
$15,120
Annual Savings
$2,220
Payback Period
6.8 years
25-Year Savings
$62,194
Return on Investment
411%
* Estimates based on 5.2 peak sun hours/day in Plano, 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 Plano
Utility & Permits
- Utility Company
- Oncor
- Permit Cost
- $375
- Permit Timeline
- 2-4 weeks
- Net Metering
- partial
System Estimates
- Recommended Size
- 8 kW
- Panel Count
- 20 panels
- Gross Cost
- $21,600
- Net Cost (after credits)
- $15,120
Available Incentives for Plano, 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.
Texas Solar Property Tax Exemption
The added home value from solar panels is exempt from property taxes.
Other Cities in Texas
More Solar Tools for Plano
Plano Solar IncentivesAll available tax credits and rebatesPlano Cost ComparisonSolar vs. grid costs over 25 yearsPlano System SizingHow many panels your home needsPlano Permits & RegulationsLocal permit requirementsIs Solar Worth It in Plano?Data-driven analysis for your cityPlano Financing OptionsCompare loans, leases, and PPAs
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