Texas Electricity Rates Up 5.0% This Year
Lock in your solar savings before rates climb higher. Get your free Mesquite quote today.
Mesquite homeowners typically save about $186/month on electricity after going solar. With Oncor rates up 5.0% this year, those savings only grow over time as you avoid future rate increases.
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 5.0% per year on average. Over 20 years, that compounds significantly. Solar locks in today's rates. Your $186/month savings today could be $279/month in 10 years if rates keep climbing.
What is the average payback on solar panels?
$37,191 over 20 years assumes 5.0% annual rate increases. Could be more if rates spike like they did in 2021-2023.
Mesquite Solar Savings Breakdown
The ERCOT-managed Texas grid creates distinct advantages for solar owners, including competitive retail electricity and grid services programs.
Metric
Your Estimate
System size
9.3 kW
Monthly savings
$186
Annual savings
$1,715
20-year savings
$37,191
Payback period
6.3 years
Frequently Asked Questions
Q: Will my electric bill be zero with solar?
A: Most Mesquite homeowners still have a small bill (connection fees), but production often exceeds usage.
Calculate your Mesquite savings
Why Rate Increases Matter for Mesquite 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 24% jump. And there's no sign of it stopping. The thing is that means for you:
- A typical Mesquite home using 1,200 kWh/month now pays about $228/month
- At 5.0% annual increases, that becomes $342/month in 10 years
- Over 20 years, you'd pay an extra $13680 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 Mesquite
- Learn about solar roi in Mesquite
- Solar savings in Cedar Hill
- Solar savings in Irving
- Explore battery options in Dallas
See our complete savings guide for Texas-wide information.
Ready to Go Solar in Mesquite?
Modern Electric helps Mesquite 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