On average, electricity users in Collin County, TX spend about $180 per month on electricity. That adds up to $2,160 per year.
That’s 13% higher than the national average electric bill of $1,905. The average electricity rates in Collin County, TX cost 12 ¢/kilowatt-hour (kWh), so that means that the average electricity customer in Collin County, TX is using 1,450 kWh of electricity per month, and 17,400 kWh over the course of the year.
Solar saves you money by reducing or eliminating your monthly electricity bill. The amount that you can save with solar in Collin County, TX is based on two factors: how much you spend on electricity now and how much of your electricity bill you can offset with solar.
Based on the intensity and amount of sunlight hours in Collin County, TX, the average electricity customer in Collin County, TX will need a 10.3 kilowatt (kW) solar panel system to offset 100% of their annual electricity consumption of 17,400 kWh per year. On the EnergySage Marketplace, solar shoppers in Collin County, TX pay an average of $29,000 for a 10.3 kW solar panel system prior to incentives.
The savings from offsetting 100% of an electricity bill with solar can add up fast! Assuming an 0.0% annual increase in electricity prices, someone in Collin County, TX can expect to save $2,200 in their first year, $10,800 over five years, $21,600 over 10 years, and $43,200 over 20 years on electricity bills.
Monthly electricity bills are a product of how much electricity you use per month and the rate you pay for electricity. In Collin County, TX, the average monthly electricity bill for residential consumers is $180/month, which is calculated by multiplying the average monthly consumption by the average rate for electricity: 1,450 kWh * 12 ¢/kWh.
The average residential electricity rate in Collin County, TX is 12 ¢/kWh, which is 4% higher than the average electricity rate in Texas of 11.94 ¢/kWh. The average residential electricity rate in Collin County, TX is 19% lower than the national average rate of 15 ¢/kWh.
Solar panel systems help you save money by reducing your monthly electricity bills. Although a $50 or $100 electricity bill might not seem like much when you pay it each month, those bills add up quickly over ten, twenty or even thirty years: if you pay $100 per month in electricity now, you’ll pay over $36,000 on electricity over the next thirty years!
|EXISTING BILL||10 YEAR COST||20 YEAR COST||30 YEAR COST|
Assuming a 0.0% annual increase based on inflation and average annual rate increases.