Calculate how much it will cost to install solar panels for your home in El Paso
Our estimates used by
Solar power in El Paso, Texas
El Paso is one of the luckier cities in Texas since El Paso Electric offers net metering for its customers that choose to install solar.
After the federal solar tax credit, solar on average is down to under $2 a watt, which is very cheap.
Even after the huge discount on your system the net metering giving you 1 for 1 credit for your power exported to the grid makes the payback time very short especially compared to the rest of the state.
Get in now while these incentives are around!
The average cost of installing residential solar panels in El Paso,
Texas in 2024 is
$2.52 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in El Paso, TX
is $12,600.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Texas is only 1168kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The El Paso solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Texas solar savings calculator can do this because it contains a database of the electric rates charged by El Paso Electric Co, Rio Grande Electric Coop Inc
How much can solar panels save you in El Paso
What does the cost of a real solar system look like?
Facts about installing a 8.48kW solar system in El Paso, TX
This system would offset 100% of your energy usage if your typical monthly bill is $179, however your situation may vary so try our El Paso solar calculator to get a result tailored to you.
$14,128
Net cost of system
5 Years 10 Months
Average payback time
13,769 kWh
Annual power production
4¢/kWh
Levelized cost of solar energy
28¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 8.48kW system
Life-time savings on this system over the next 25 years
$75,196
(Prices shown after repayments of capital)
31
Solar companies in El Paso, TX that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in El Paso
| System Size |
Cash purchase After 30% solar tax credit |
Financed purchase After 30% solar tax credit |
|---|---|---|
| 3kw | $5,649 | $6,101 |
| 4kw | $7,364 | $7,953 |
| 5kw | $9,030 | $9,752 |
| 6kw | $10,584 | $11,431 |
| 7kw | $12,103 | $13,071 |
| 8kw | $13,496 | $14,576 |
| 9kw | $14,868 | $16,057 |
| 10kw | $16,100 | $17,388 |
Find out what system size you need for your home
Going solar in Texas
Check out all of the ways energy providers of Texas can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Clean Energy Tax Credit | Federal | Personal Tax Credit |
| Renewable Energy Property Tax Incentive | State | Property Tax Incentive |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
