Texas Solar Incentives: Tax Credits & Rebates Guide 2023

Texas solar power FAQs

• How much would solar cost in Texas?

  The cost of solar panels in Texas, or anywhere else in the U.S., will depend on several key factors, including your energy consumption, solar system size, solar panel types, local installation costs, and others. Texas residents can expect to pay about $33,930 for an average system size of 9 kW before applying federal tax credits and other incentives that can help lower the total cost.

• Is solar power a good investment in Texas?

  Yes, solar panels are a sound investment if you live in Texas. If you decide to install them, you’re likely to save a considerable amount on your monthly energy bill and experience a shorter payback period. A solar system can also increase the resale value of your home.

• How much could I save by investing in solar in Texas?

  Your savings from solar panels will largely depend on how much energy you use and the amount of electricity your system generates. The average electricity bill for Texas residents in May 2023 was $160. If you eliminate your energy bills entirely, your 20-year savings could reach over $14,000. You can further maximize your savings by taking advantage of available solar tax credits and incentives.

• Where can I find a good Texas solar panel installer?

  There are a number of professional solar companies in Texas to choose from. Before selecting a solar installer, read reviews and testimonials about the company, ask for references, and research their company history. You should also get multiple quotes from different installers to ensure you are making an informed choice. SaveOnEnergy can help you find a credible solar installer in your area.

• How does solar power help the environment?

  Reducing your dependence on traditional electricity sources, such as coal or natural gas, slashes your home’s greenhouse gas emissions. As a clean and renewable energy resource, solar power doesn’t emit carbon dioxide or methane. Using solar panels can reduce your home’s carbon footprint.

• Will Texas pay for solar panels?

  No. Texas doesn’t pay for solar panels outright. When homeowners apply for the Residential Clean Energy Credit, solar costs can be reduced by thousands of dollars. This federal tax incentive gives a 30% credit on their income tax returns to homeowners who purchase or finance solar panels in Texas.

• Which energy provider is best for solar in Texas?

  Energy providers offering net metering benefits are best for homeowners with solar panels. Some providers in Texas that offer credits for excess energy returned to the power grid, also called solar buyback plans. Chariot Energy, Gexa Energy, Green Mountain Energy, Reliant Energy, Rhythm Energy, Shell Energy, and TXU Energy all have plans or benefits for solar owners.