Calculate how much it will cost to install solar panels for your home in Round Rock
Our estimates used by
Solar power in Round Rock, Texas
In Oncor's delivery territory solar customers here are eligible for a $538.53 per kW rebate alongside a 25 cent tariff at nearly 3 times the retail power rate. Oncor's 25 cent Feed in Tariff (FiT) means every kWh of unused solar generation you are given 25 cents. A tariff this high won't only compensate for your power bill it will make you a lot of money over the life of your system.
After deducting your rebate, a large part of the remaining cost may be claimed as a deduction to your federal taxes (26% in 2020, or 22% in 2021). The federal solar tax credit can be spread over several years and has no size limitations or restrictions.
Solar is a no brainer investment in Round Rock and with utility incentives reducing over the next few years don't wait.
Get a quote by entering your address into our solar estimatorto calculate your system size needed and savings.
The average cost of installing residential solar panels in Round Rock,
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 Round Rock, 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 Round Rock 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 Austin Energy, Bartlett Electric Coop Inc, Bluebonnet Electric Coop Inc, City of Bartlett, City of Georgetown, Oncor Electric Delivery (formerly TXU), Pedernales Electric Coop Inc, TXU Energy Retail Co LP, Reliant Energy Retail Services
How much can solar panels save you in Round Rock
What does the cost of a real solar system look like?
Facts about installing a 11.11kW solar system in Round Rock, TX
This system would offset 100% of your energy usage if your typical monthly bill is $180, however your situation may vary so try our Round Rock solar calculator to get a result tailored to you.
$16,137
Net cost of system
6 Years 6 Months
Average payback time
15,104 kWh
Annual power production
4¢/kWh
Levelized cost of solar energy
25¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 11.11kW system
Life-time savings on this system over the next 25 years
$72,806
(Prices shown after repayments of capital)
43
Solar companies in Round Rock, TX that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Round Rock
| 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 |
| Austin Energy - Residential Solar PV Rebate Program | Utility | Rebate Program |
| Oncor Electric Delivery - Solar Photovoltaic Standard Offer Program (Waitlist) | Utility | Rebate Program |
| Austin Energy - Value of Solar Rate | Utility | Feed In Tarrif |
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.
