Solar Energy in Waco

Solar Rates, Incentives, Plans & Statistics

Going solar in Waco, TX

In Waco, an average home needs a 9kW solar system in order cover most of their electricity needs. Given the average residential price-per-watt of $3.27 in Waco, a 9kW system can cost around $29,430 depending on applicable rebates and other factors.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Waco: $16,350US Average: $18,172
Average Payback Period The number of years until you break even on the solar investment.
Waco: 9 yearsUS Average: 11 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Waco: $19,960US Average: $14,836

Solar Potential in Waco

Estimated system size and solar electricity production per median viable roof in
Waco.

Roof size 947sq. ft.
Capacity 13.25kW DC
Electricity 17.7kkWh AC per yr.

Go Solar for as low as $0 down and $79/mo

Compare solar panels by system size in Waco

Get the most value out of your roof by comparing the different benefits a given system size has.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,047 a year
Est. Price
$16,350
Savings from a 5kWthis system
  • Est. yearly production 7,976 kWh
  • Est. monthly savings $87
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 3.19 tons a year
  • Equivalent to planting 146 trees a year
  • Equivalent to driving 7,887 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,257 a year
Est. Price
$19,620
Savings from a 6kWthis system
  • Est. yearly production 9,572 kWh
  • Est. monthly savings $105
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 3.82 tons a year
  • Equivalent to planting 176 trees a year
  • Equivalent to driving 9,464 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,466 a year
Est. Price
$22,890
Savings from a 7kWthis system
  • Est. yearly production 11,167 kWh
  • Est. monthly savings $122
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 4.46 tons a year
  • Equivalent to planting 205 trees a year
  • Equivalent to driving 11,042 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,676 a year
Est. Price
$26,160
Savings from a 8kWthis system
  • Est. yearly production 12,762 kWh
  • Est. monthly savings $140
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 5.1 tons a year
  • Equivalent to planting 234 trees a year
  • Equivalent to driving 12,619 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,885 a year
Est. Price
$29,430
Savings from a 9kWthis system
  • Est. yearly production 14,358 kWh
  • Est. monthly savings $151
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 5.51 tons a year
  • Equivalent to planting 253 trees a year
  • Equivalent to driving 13,647 mi less a year

Waco solar incentives, tax credit, and rebates

Waco has 19 rebates and tax credits that you may be eligable for. Visit the official links for more details to see if you apply.

Solar incentives in TX

AEP Texas North Company - SMART Source Solar PV Rebate Program

Value:Up to $6,000

American Electric Power - Texas North customers installing a solar photovoltaic system on their home or commercial property may qualify for a rebate. Rebates are paid out by the kilowatt and based on a tiered structure taking into account the type of property and the system's expected capacity. Qualifying systems must have a minimum capacity of 1 kW DC unless the customer is a school who will use the PV system for educational purposes. Further, the system must perform at a minimum 80% efficiency throughout the first year. Applications will be accepted in the order they are received. For 2021, $90,000 has been allocated to residential customers and $73,590 has been allocated to commercial customers. Rebates will continue to be offered until funds expire. Additional information is available from the AEPTN website.

CoServ - Solar Energy Rebate

Value:Up to $3,100

NOTE: This program has exhausted its allocated funding for 2021. We expect the program to be renewed in 2022 and will update the entry accordingly. Residential and commercial customers of the CoServ Electric Cooperative may be entitled to rebates if they install a new solar energy system on their site. Residential customers may receive a flat $1,000 for systems exceeding 4 kW capacity. Commercial systems will receive a rebate of $200 per kilowatt of capacity up to 100 kW DC or $20,000 (whichever comes first.) A CoServ certified solar contractor must install the system under an interconnection agreement. CoServ uses a net metering system to compensate most solar customers for surplus power sent back to the grid, adding additional savings.

Xcel Energy - Residential and Hard-to-Reach Standard Offer Program

Value:Up to $420

Through the Residential/Hard-to-Reach Standard Offer Programs, Xcel collaborates with "Project Sponsors" to make energy efficiency improvements for residential and low-income customers. Qualifying projects include solar photovoltaics/water heating/HVAC, as well as energy-efficient windows, lighting, ductwork, and insulation. After installation by a certified contractor, Xcel will pay an incentive based on anticipated cost savings to the Sponsor; it is the Sponsor's prerogative how the funds are handled. A list of sponsors for the Residential program is maintained on the Xcel website. For the Hard-to-Reach program, applicants should have an annual income at/below 200% of the federal poverty line and complete PUCT income verification. Additional information is available on the Xcel website.

AEP Texas Central Company - SMART Source Solar PV Rebate Program

Value:Up to $6,000

Americal Electric Power - Texas Central customers installing a solar photovoltaic system on their home or commercial property may qualify for a rebate. Rebates are based on a tiered structure taking into account the type of property and the system's expected capacity. Smaller systems of 3 kW or less will yield rebates by the watt, while larger systems will yield a flat rebate of at least $1,500 up to $5,000. Qualifying systems must have a minimum capacity of 1 kW DC unless the customer is a school who will use the PV system for educational purposes. Further, the system must perform at a minimum 80% efficiency throughout the first year. Applications will be accepted in the order they are received. Rebates will continue to be offered until funds expire for the year. Additional information is available from the AEPTC website.

CPS Energy - Solar Hot Water Rebate Program

Value:Up to $2,000

Residential and commercial CPS Energy systems who install a new solar water heating system on their property may be entitled to a one-time rebate. Rebate amounts vary and are based on estimated annual savings by using the system up to $2,000. In the San Antonio area, the estimated rate is 60 cents per kilowatt hour. The final amount will appear on the customer's bill as a credit amount. The application process must begin as the customer seeks a quote for their system. Customers may choose from a variety of solar contractors pre-certified by CPS Energy for the installation. The rebate does not cover equipment associated with the system's operation such as batteries or motors.

CPS Energy - Solar PV Rebate Program

Value:Up to $3,000

CPS Energy residential and commercial customers who install a solar photovoltaic system on their San Antonio property may qualify for a rebate. The rebate program is split into three tranches based on property type. Residential customers will be credited a flat rate, while commercial customers will be credited by the watt. Provisions also exist for residential buildings used for established commercial purposes. Some restrictions apply. The system capacity must be at least 1 kW AC, and the total system cost must not exceed $4 per watt. The customer must actively pursue all necessary permits as a part of the application process.

Oncor Electric Delivery - Commercial and Industrial Rebate Program

Value:Varies

Through the Commercial and Industrial Rebate Program, Oncor Electric Delivery incentivizes various commercial and industrial customers undertaking energy efficiency improvement projects. Qualifying customers include businesses, governments, nonprofits, and places of worship. At present, 17 HVAC-related projects and nine lighting project types qualify for incentives, which are determined based on estimated cost savings. Inspections and measurements are included as a part of the application process. The total amount of incentive funds Oncor can award is capped, but the program is renewed annually. Additional information is available from the Oncor website.

Solar and Wind Energy Device Franchise Tax Deduction

Value:Varies

Solar panels, wind turbines, and other related energy equipment are exempt from the state's franchise tax. (In Texas, franchise tax is the same as corporate tax and assesses both income and property together.) Qualifying systems may be used to generate electric power or energy used for heating/cooling. Devices to store or distribute energy are also exempt. Special exemptions apply to solar/wind contractors and businesses which manufacture components for renewable energy.

Texas-New Mexico Power Company - SCORE/CitySmart & Commercial Solutions Market Transformation Programs

Value:Varies

TNMP's SCORE/CitySmart advisory programs cater to schools and cities needing guidance to adopt energy efficient building standards and policies. Once the institution identifies practical solutions and targets, they may be eligible for various incentives to see their ideas realized. The Commercial Solutions program serves commercial customers beyond schools and municipal governments, providing similar financial incentives and management assistance to help them adopting solar energy or other energy efficiency projects. No participant is charged a fee, and both new projects and improvements on existing energy infrastructure may qualify.

Texas Gas Service - Residential Energy Efficiency Rebate Program

Value:Varies

Residential Texas Gas Service customers in Austin and Sunset Valley may be entitled to a rebate if they install a new energy-efficient HVAC or water heating system, including solar water heating and HVAC systems. Customers must be on the AUST I/S, SUNV I/S, or ABIA I/S billing plans and rates to qualify. Qualifying systems should meet local, state, and federally-set energy efficiency standards and be installed by a Texas Gas Service certified contractor. Additional information is available from the TGS website or by calling (512) 974-7827.

Renewable Generation Requirement

Value:Varies

Beginning in 1999, the Public Utility Commission of Texas has adopted Renewable Portfolio Standards. Each iteration of the RPS sets a minimum quota for the state's renewable energy investment within certain time frames. Previous RPS standards required the state to invest in 10,000 MW of new renewables by 2025, a standard Texas exceeded in 2009. More specific standards have also been established requiring the state to invest in resources other than wind; however, these standards have not been enforced. Solar, wind, biomass, geothermal, and hydroelectric systems are among renewable sources that go toward RPS goals. Different utility companies throughout the state are entitled to equal shares of the state's investment. Texas's Electric Reliability Council prepares a compliance report each year detailing progress toward current RPS standards. Reports are available from the PUCT website.

Renewable Energy Systems Property Tax Exemption

Value:Varies

The State of Texas allows a 100% property tax exemption on any added value arising from new solar, wind, or biomass energy systems or system components. At present, the exemption only applies to commercial properties. Qualifying systems under the tax code include any device used to produce, store, and distribute energy for on-site consumption, but the devices must be constructed on or after January 1, 2014. Assessors will determine how much may be exempt based on depreciated value under a ten-year useful lifespan. Commercial property owners may claim the exemption by filling out Form 50-123, "Exemption Application for Solar or Wind-Powered Energy Devices", from the Texas revenue department. Additional information can be found on the Texas State Comptroller website.

Oncor Electric Delivery - Residential Solar Program

Value:Varies

Through the Residential Solar Program, Oncor Electric Delivery residential customers who install a new photovoltaic system may be entitled to a rebate. The rebate may appear as a payment directly made to the customer, a credit on energy bills, or a discount from the installing solar contractor. Eligible new systems must use the Oncor grid for electric delivery, be interconnected under a timed agreement, meet all local/state/federal codes, and be installed by an Oncor certified contractor. Existing systems do not qualify. Additional information is available from the Oncor Electric Delivery website.

LoanSTAR Revolving Loan Program

Value:Varies

Since 1989, the state of Texas's LoanSTAR (Saving Taxes and Resources) program has offered low-interest revolving loans to fund energy efficiency improvements at public and certain private facilities. The program has assisted 325 clients and invested $545 million since 1985. Eligible borrowers include state government units, public school districts, public colleges and universities, and nonprofit hospitals. Payments are based on the facility's cost savings by using the new energy systems over a 10-year maximum term. Interest rates vary annually. Eligible projects include on-site renewable energy generation systems such as solar photovoltaics/water heating and small wind turbines. Smaller improvements such as energy-efficient lighting and HVAC may also be covered.

Green Mountain Energy Renewable Rewards Program

Value:Varies

Through the Renewable Rewards program, Green Mountain Energy compensates residential and commercial customers who use renewable energy systems interconnected to the grid. Any excess power beyond the needs of the property can be "sold back" to GME for an avoided-cost rate. Qualifying renewable energy technologies include hydroelectric, wave/tidal, wind, solar, geothermal, and biomass. Renewable Rewards is not a traditional net-metering program. As GME is only a retail provider of electric services, qualifying systems must enter interconnection with an outside distributor on the independent Texas grid. The distributor will install a bidirectional meter to measure how much power is sent back to the grid, reporting the total amount to GME. GME will then credit the customer's account.

Interconnection Standards

Value:Varies

The Texas Public Utility Commission has standardized distributed generation and grid interconnection practices in the state since 1999. Texas does not use tiers to organize operational renewable energy facilities, though no interconnected system may be rated for up to ten megawatts. Systems rated for under 500 kW may be eligible for expedited permit review, while those above one megawatt are required to register as either a self-generator or power generation company. Systems are required to meet certain IEEE standards and have a minimum manufacturer's warranty. Owners may be required to install external disconnect switches or carry liability insurance beyond the warranty requirement.

Required Energy Efficiency Goals

Value:Varies

Texas has adopted an energy efficiency resource standard in lieu of a typical RPS law. Private utilities may set their own annual energy efficiency goals; by law, new goals must continually exceed previous objectives. Uniquely, the standard covers both existing energy efficiency improvements and new renewable energy investment. In lieu of a credit system, compliance is measured through annual Energy Efficiency Plans sent to the state legislature. Each report outlines the utilities' objectives and itemizes applicable investments and real cost savings. Additional information is available from the Public Utility Commission website.

TXU - Commercial Energy Efficiency Program

Value:Varies

Through the GreenBack program, TXU offers rebates to commercial customers for investing in long-term energy efficiency improvements. Successful applicants may use the funding they receive to build new renewable energy systems on their property or apply them to improving existing energy systems. Even simple changes such as switching to LED lights may qualify. Funding is subject to certain eligibility standards and other terms/conditions.

Solar and Wind Energy Business Franchise Tax Exemption

Value:Varies

Beginning with the 1982 tax year, solar and wind energy contractors, retailers, and manufacturers based in Texas may be entitled to franchise ("corporate") tax exemptions. The available exemptions currently do not have ceilings. Under the tax code, wind energy systems and solar photovoltaic, water heating, space heating, and air conditioning systems qualify. All system components, including those for energy collection, transfer, and storage, qualify as well.

Go Solar for as low as $0 down and $79/mo and reduce or replace your electric bill

Frequently Asked Questions

  • As a general rule, unless there are local limitations, the main limitations to the amount of solar panels you can put on your roof are the available space on your roof, your electricity usage, your providers net metering rules, and the limitations of your house hold electrical system.
  • Based on our research the average price per installed watt is $3.27 in Waco. This means for a 10kW system you can expect to pay $32,700 though pricing can vary significantly between installers based on the projects requirements.
  • Based on a Zillow research study from 2019, home with solar panels sell for roughly 4.1% more.
  • To generate the most power, solar panels in the United States should face true south as this generally results in the solar panels receiving the most light each day throughout the course of the year. That said, given that energy prices are often variable throughout the day, your installer may recommend you rotate your panels slightly so that the panels will receive more light at the end of the day when energy prices can be more expensive. That said, for most consumers the positioning of solar panels is highly dependent on your home's roof.
  • Based on our continuously updated database of solar installers, we have found 57 verified solar install companies in Waco

Solar installers in Waco (57)

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Solar CenTex

Harker Heights, TX(254) 393-1340

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Solar SME Inc.

Duncanville, TX(832) 626-2337

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

Sunlux Solar

Placentia, CA(877) 467-6712

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Powur PBC

Del Mar, CA(866) 467-6987

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.

IonSOLAR

Provo, UT(888) 781-7074

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Go Solar Power

Boca Raton, FL(800) 530-9597

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

RISE Power

Richardson, TX(855) 747-3769

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

CES

Middletown, CT(860) 632-1682

Services

  • Installation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Consulting on all things solar related.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Entero Energy

Austin, TX(512) 551-0742

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

IES Texas Solar

San Antonio, TX(210) 651-8294

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

NRG Clean Power

(800) 698-6627

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Fluent Solar

Lindon, UT(866) 736-1253

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Sunrun

San Francisco, CA(833) 394-3384

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Engie North America

Houston, TX(713) 636-0000

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Silver Electric and Solar

Leander, TX(512) 529-8283

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Infinity Energy

Rocklin, CA(888) 244-2513

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

LightEdison

Denver, CO(888) 966-6377

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Texas Solar Guys

Buda, TX(512) 565-4767

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

KGT Renewables

Phoenix, IL

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Precision Renewables

Snyderville CDP, UT(435) 602-4120

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

American Sentry Solar

Bel Air, MD(800) 823-0555

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Reparation of batteries.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Badass Energy

Claremont, CA(909) 320-9860

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
King Manalo
Last Reviewed By: King Manalo
Published: 2023-12-01