3. Determine Budget – Cost of Solar
Cost is priced based on the watts of electricity in the solar system, considering the solar panels and inverting equipment.
Example of solar project cost:
Home yearly usage 10,500 kWhY
Solar system of 5,000 W
5,000 W x $ 3.05* a watt = $15,250.00
Subtract Incentives: $3,000 or higher -3,000.00
Subtract IRS rebate: 30% IRS deduction -3,675.00
Total Price: $8,575.00
Note: *Solar price per watt in Texas is $3.00 to $3.48
This is a cost analysis estimate only. Your home electrical usage will determine the solar system sizing.