FAQ

At North Texas Solar we custom build our solar PV systems. Cost varies depending on equipment and layout, but our average price is $2-$2.75 per watt (solar systems only). With financing options that are zero dollars down, our typical customer’s ultimate goal is to make sure the monthly electric savings is greater than the monthly solar payment. If your home is a good fit for solar and you qualify for the zero down financing, installing solar won’t cost anything because your monthly savings will cover your payment and then some.

Our most popular option is zero-down financing. Our lenders have a wide variety of loan packages with terms and rates to meet anyone’s needs. This option requires no up-front expense and usually results in a monthly payment that is less than the monthly electric savings. For anyone that wants to pay in full (cash, check, wire transfer, etc.) our customers usually see a break-even point of about 8 years, leaving another 17 years of production and system life still covered under warranty.

Currently, homeowners in Texas qualify for a federal tax credit (30% until the ITC step down year in 2033) and some utility providers have rebate programs that their customers may qualify for. These rebates are limited in funding and usually go very quickly. Some examples of providers that have had rebate programs in the past are Denton Municipal Electric, Oncor, and CoServ. Rates for these rebate programs vary and are changed on an annual basis depending on funding.

The solar tax credit, or Investment Tax Credit (ITC), allows homeowners and businesses to deduct 30% of the total cost of installing solar energy systems from their federal taxes, covering expenses like equipment and installation. This credit has no maximum limit, making it especially beneficial for larger systems. To claim the credit, you’ll need to complete IRS Form 5695 and include it with your tax return. Many states including Texas, offer extra incentives that can further reduce installation costs. We recommend consulting a tax professional to ensure you maximize your benefits and comply with all regulations.

The payback period for solar panels is on average from 5 to 10 years, but is dependent on many factors – system size, energy usage, local electricity rates, and available incentives. In regions like Texas, where sunlight is abundant, homeowners often see quicker returns on their investment. After the payback period, the energy savings can significantly contribute to your overall savings, as you’ll enjoy lower electricity bills for the remaining lifespan of the panels, which is usually 25 years or more. Factors such as increasing utility rates and state incentives can further enhance your return on investment.