Texas Electricity Rates Up 4.4% This Year
Lock in your solar savings before rates climb higher. Get your free Dallas quote today.
Most Dallas homeowners save $185/month on electricity after going solar. With Oncor rates up 4.4% this year alone, those savings grow every year. Over a 25-year system lifespan, we're talking about Oncor rate increases that could double or triple your electric bill - but not if you own solar.
How much will I really save with solar panels?
Your bill drops because you're generating your own power. Most of the day, your panels cover your usage. At night, you pull from the grid, but your net bill is way lower.
How do rate increases affect solar savings?
Electric rates in Texas go up about 4.4% per year on average. Over 20 years, that compounds significantly. Solar locks in today's rates. Your $185/month savings today could be $277/month in 10 years if rates keep climbing.
How much do solar panels save over 25 years?
$63,961 over 20 years assumes 4.4% annual rate increases. Could be more if rates spike like they did in 2021-2023.
Dallas Solar Savings Breakdown
Metric | Your Estimate
The ERCOT-managed Texas grid creates distinct advantages for solar owners, including competitive retail electricity and grid services programs.
System size
8.6 kW
Monthly savings
$185
Annual savings
$2,273
20-year savings
$63,961
Payback period
9.4 years
Frequently Asked Questions
Q: Will my electric bill be zero with solar?
A: Most Dallas homeowners still have a small bill (connection fees), but production often exceeds usage. Q: How do rate increases affect my solar savings? A: Every time Oncor raises rates, your savings go up automatically. You're producing the same power, but avoiding a higher per-kWh cost.
Calculate your Dallas savings
Why Rate Increases Matter for Dallas Homeowners
Electric rates in Texas have been climbing steadily. Oncor territory has seen rates increase from around 10 cents per kWh five years ago to over 16 cents today - that's a 26% jump. And there's no sign of it stopping. The thing is that means for you:
- A typical Dallas home using 1,200 kWh/month now pays about $246/month
- At 4.4% annual increases, that becomes $369/month in 10 years
- Over 20 years, you'd pay an extra $14760 in rate increases alone
Solar freezes your production costs at zero. Your panels produce the same power whether rates go up 3% or 10%. That's real rate increase protection.
Related Resources
- Learn about solar cost in Dallas
- Learn about solar roi in Dallas
- Solar savings in Sherman
- Solar savings in Fort Worth
- Explore battery options in Houston
See our complete savings guide for Texas-wide information.
Ready to Go Solar in Dallas?
Modern Electric helps Dallas 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
- Access exclusive Dallas metro incentives and programs
We're not just installers - we're energy optimization specialists who understand the unique opportunities in major Texas markets like Dallas.
Learn More
- Texas Solar Battery Guide- Complete battery overview
Texas Solar Battery Guide- Complete battery overview
- Texas Solar Incentives- All available tax credits and rebates
Texas Solar Incentives- All available tax credits and rebates
- Solar Companies in Texas- How to choose the right installer
Solar Companies in Texas- How to choose the right installer