Texas Electricity Rates Up 3.5% This Year
Lock in your solar savings before rates climb higher. Get your free Richardson quote today.
Solar panels in Richardson run about $30,533 before incentives. After the 30% federal credit, you're looking at $21,373. With Texas electricity rates up 3.5% this year, locking in solar now makes financial sense.
What is the average cost of solar panels in Texas?
Equipment (panels, inverter, racking) is about 60% of that. Labor and permitting cover the rest. In Richardson, installers charge $2.88/watt on average.
How much have Texas electricity rates increased?
Texas electricity rates have jumped 21% 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.
What factors affect solar panel pricing?
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.
Does Texas have a solar tax credit?
The 30% federal tax credit is the big one. On a $30,533 system, that's $9,159 back. Texas also exempts solar from property taxes.
Frequently Asked Questions
Q: What's the average solar cost in Richardson?
A: $30,533 before incentives, $21,373 after the 30% federal credit. Q: How long until solar pays for itself in Richardson? A: About 8.9 years based on current Oncor rates.
Get your Richardson solar quote
Related Resources
The ERCOT-managed Texas grid creates distinct advantages for solar owners, including competitive retail electricity and grid services programs.
- Learn about solar roi in Richardson
- Solar cost in Flower Mound
- Solar cost in Garland
- Explore battery options in Richardson
See our complete cost guide for Texas-wide information.
Ready to Go Solar in Richardson?
Modern Electric helps Richardson 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.