Texas Electricity Rates Up 4.2% This Year
Lock in your solar savings before rates climb higher. Get your free McKinney quote today.
Solar panels in McKinney run about $30,547 before incentives. After the 30% federal credit, you're looking at $21,382. With Texas electricity rates up 4.2% this year, locking in solar now makes financial sense.
How much does it cost to put solar panels on your house?
Equipment (panels, inverter, racking) is about 60% of that. Labor and permitting cover the rest. In McKinney, installers charge $2.92/watt on average.
How much have Texas electricity rates increased?
Texas electricity rates have jumped 24% over the past five years. Oncor territory has seen rates climb from around 10 cents to over 16 cents per kWh. Solar locks in your production at $0/kWh for 25+ years - that's real rate increase protection.
What should actually be included in a solar quote?
We've seen thousands of reviews where homeowners felt misled about solar costs. The most common complaints: quotes that didn't include all fees, unexpected permit costs, and "after" prices that didn't match the sales pitch. At Modern Electric, we show you everything upfront - equipment, labor, permits, interconnection. What you see is what you pay.
Why is solar installation so expensive?
System size is the biggest factor. More panels = higher cost, but also more savings. Roof type matters. Tile or metal costs more to install than composite shingle. Your roof's age and condition can add costs if repairs are needed first.
What is the federal tax credit for solar panels?
The 30% federal tax credit is the big one. On a $30,547 system, that's $9,164 back. Texas also exempts solar from property taxes.
Frequently Asked Questions
Q: What's the average solar cost in McKinney?
A: $30,547 before incentives, $21,382 after the 30% federal credit. Q: How long until solar pays for itself in McKinney? A: About 9.9 years based on current Oncor rates.
Get your McKinney solar quote
Related Resources
As part of the ERCOT grid, Texas solar owners have unique opportunities for grid services and buyback programs that aren't available elsewhere.
- Learn about solar roi in McKinney
- Solar cost in Weatherford
- Solar cost in Euless
- Explore battery options in McKinney
See our complete cost guide for Texas-wide information.
Ready to Go Solar in McKinney?
Modern Electric helps McKinney homeowners:
- Lock in savings before rates climb higher
- Earn $200-500/year from grid services with battery systems
- Get transparent pricing with no hidden fees
Learn More
- Texas Solar Battery Guide- Complete battery overview
- Texas Solar Incentives- All available tax credits and rebates
- Solar Companies in Texas- How to choose the right installer
How Much Can You Save With Solar in Texas?
Use our free savings calculator to see real costs, payback periods, and 25-year returns for Texas cities.