Solar is a complicated decision and OhmHome has compiled this guide to Dallas solar with the cost of solar panels in Dallas and advice on how to estimate cost and savings, navigate state and federal incentives, and find the best solar companies in Dallas.
Solar Trends in Dallas (Updated June 2017)
Dallas solar permits decreased 23% to 33 in June from 39 in June 2016 and decreased 13% from May 2017 (YTD increase of 2%).
Cost of Solar Panels in Dallas
The cost of solar panels in Dallas has dropped significantly in recent years due to the increase in module supplies and other supply chain efficiency improvements. According to the U.S. Department of Energy’s Q4-16 Sunshot report, the median price of residential solar in major markets was $4.20 per watt with the lowest 20% at approximately $3.50 per watt.
Solar Incentives in Dallas
Texas Utility Solar Incentives
Oncor currently offers $0.54 per watt of solar installed (or $538.79 per kW installed) and also offers $0.2519 per kWh of solar generated.
Federal Solar Tax Incentives
The IRS offers a 30% tax credit for solar systems based on the cost after state rebates and credits (discussed above). It is important to note that that federal tax credit only applies to purchased systems and you need sufficient tax liability to claim the credit. The federal solar tax credit was set to expire in 2016, but was recently extended through 2019, at which point it will start to decrease to 10% by 2022. The IRS form 5695, Residential Energy Credits can be found here.
Solar Financing in Dallas
The number of solar financing options has expanded significantly in recent years to includes a number of low-interest rate loans, as well as power purchase agreements or solar leases. To learn more, refer to our lease or buy solar guide.