Texas Electricity Rates Up 3.2% This Year
Lock in your solar savings before rates climb higher. Get your free McKinney quote today.
McKinney homeowners typically save about $123/month on electricity after going solar. With Oncor rates up 3.2% this year, those savings only grow over time as you avoid future rate increases.
Do solar panels actually save you money?
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.
Why do solar savings increase over time?
Electric rates in Texas go up about 3.2% per year on average. Over 20 years, that compounds significantly. Solar locks in today's rates. Your $123/month savings today could be $184/month in 10 years if rates keep climbing.
How much do solar panels save over 25 years?
$51,508 over 20 years assumes 3.2% annual rate increases. Could be more if rates spike like they did in 2021-2023.
McKinney 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
11.6 kW
Monthly savings
$123
Annual savings
$2,124
20-year savings
$51,508
Payback period
6.7 years
What Other Homeowners Say
From verified reviews: "Followed up even after installation was complete" - This is the experience we aim for with every McKinney installation.
Frequently Asked Questions
Q: Will my electric bill be zero with solar?
A: Most McKinney homeowners still have a small bill (connection fees), but production often exceeds usage.
Calculate your McKinney savings
Related Resources
- Learn about solar cost in McKinney
- Learn about solar roi in McKinney
- Solar savings in Anna
- Solar savings in DeSoto
- Explore battery options in Dallas
See our complete savings 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 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
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.