The cost of solar panels in Lake Dallas, TX (2024)

Updated May 21, 2024

  • You'll pay an average of $10,871 to install a 5 kilowatt solar panel system in Lake Dallas, TX, before incentives.

  • The federal investment tax credit (ITC) lowers that price by 30% of all your solar equipment and installation costs.

Don't overpay for solar in Lake Dallas

Compare multiple offers and save up to 20%

Please enter a five-digit zip code.

Written by: Emily Walker

As of May 2024, the average solar panel system costs $2.17/W including installation in Lake Dallas, TX. For a 5 kW installation, this comes out to about $10,871 before incentives, though prices range from $9,240 to $12,502. After the federal tax credit, the average price drops by 30%.

Average price of a 5 kW solar panel installation in Lake Dallas, TX

Good Price
$9,240 or less
Market Average
$10,871
High Price
$12,502 or more

You'll probably pay even less than what we show here. It doesn't include the federal ITC or Lake Dallas, TX state incentives, which will lower this price by at least a few thousand dollars.

Your solar panel cost depends on your system's size

It may seem obvious but larger solar panel systems cost more money. We use cost per watt ($/W) so you can easily compare quotes, controlling for slight variations in system size.

While a 5 kW system will only cost you $10,871 in Lake Dallas, TX, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill.

Average solar cost by system size in Lake Dallas, TX

System Size
System Cost
System Cost (after ITC)
3 kW$6,522$4,566
4 kW$8,697$6,088
5 kW$10,871$7,609
6 kW$13,045$9,131
7 kW$15,219$10,653
8 kW$17,393$12,175
9 kW$19,567$13,697
10 kW$21,741$15,219

Are solar panels worth it in Lake Dallas, TX?

Solar panels are worth it in most areas, including Lake Dallas, TX. Certain factors, including the cost of electricity, incentives, climate, and the angle at which the sun hits your roof impact how quickly you break even on your investment relative to other areas around the U.S. 

If you pay for your system with cash, you'll save about $47,150 over 20 years on electricity costs with a 5 kW system in Lake Dallas, TX. We generate this estimate based on real solar quote data from our Marketplace. It considers your system's cost, the federal tax credit, and inflation rates.

If you don't have access to net metering, these estimates don't account for utility net billing rates.

Payback Period
5.60 Years
20-Year Savings
$47,150
Cost-per-Watt
$2.17

If you can't shell out $10,871 in cash to pay for solar, don't sweat it. You can choose to finance your system with a loan instead. Some companies even offer $0-down loans so you can start saving on day one if your loan payments are less than your current electric bills. Just keep in mind that your long-term savings will be lower with a loan due to interest rates.

Find out what solar panels cost in your area in 2024
Please enter a five-digit zip code.
  • 100% free to use, 100% online
  • Access the lowest prices from installers near you
  • Unbiased Energy Advisors ready to help

The numbers we're showing are averages. The price you'll pay for solar depends on many factors unique to you and your home:

If you're looking for solar companies in TX, here are some popular suggestions:

  • Texas Solar Professional LLC
    Cedar Hill, TX
    Established 2021
    Elite+ Installer
    We’re solar professionals. Our experts have been in the industry for over 20 years. We keep up to date with the l...
    Elite+ Installer
    Screened & Verified
    5.0 /5.0
    42 Reviews

    We’re solar professionals. Our experts have been in the industry for over 20 years. We keep up to date with the l...
  • Affordable Solar, Roof, & Air
    South Lake, TX
    Elite+ Installer
    We are preferred installers with Q Cell, REC, K2 racking, and Enphase. We are ranked by EnergySage as one of the ...
    Elite+ Installer
    Screened & Verified

    We are preferred installers with Q Cell, REC, K2 racking, and Enphase. We are ranked by EnergySage as one of the ...
  • NRG Clean Power
    Austin, TX
    Established 1987
    Elite+ Installer
    NRG Clean Power is driven by a bold mission: to revolutionize the energy landscape by transforming how energy is ...
    Elite+ Installer
    Screened & Verified

    NRG Clean Power is driven by a bold mission: to revolutionize the energy landscape by transforming how energy is ...
  • IntegrateSun, LLC
    Dallas, TX
    Established 2010
    Elite Installer
    IntegrateSun is an Earth based company that is successfully navigating oily waters. We chose to be in the busines...
    Elite Installer
    Screened & Verified

    IntegrateSun is an Earth based company that is successfully navigating oily waters. We chose to be in the busines...
  • Solartime USA Inc
    Richardson, TX
    Established 2009
    Elite Installer
    We are a "bumper-to-bumper" solar company. We handle the entire project from initial consultation to final inspec...
    Elite Installer
    Screened & Verified

    We are a "bumper-to-bumper" solar company. We handle the entire project from initial consultation to final inspec...

Solar is a major purchase, but you can get the price tag to come down a bit by being an educated shopper. Taking advantage of incentives and rebates and shopping around for quotes can bring down your cost of solar in Lake Dallas, TX.

Take advantage of federal and local solar incentives

As long as your federal tax bill is high enough, you can take advantage of the federal tax credit in Lake Dallas, TX. This incentive allows you to apply 30% of your solar installation and equipment costs toward your federal tax bill. If the amount exceeds your tax bill, you can roll over the remaining credit to the following year. Many states also offer great local incentives and rebates.

Get quotes from multiple installers

Comparing multiple solar quotes can save you money through competition and transparency. Each additional quote you receive for solar will help you find the right solar panel system at the right price.

This is where EnergySage can help. With funding from the Department of Energy’s SunShot Prize, EnergySage opened the country’s first (and now the largest) marketplace for home solar panel installations. We gather custom solar quotes from local installers on your behalf and put them in an easy-to-compare format. When you compare quotes for solar panels on the EnergySage Marketplace, you can expect to see prices up to 20% lower than if you work with a single solar company.

Why shop with EnergySage?

Save time & money

Request free quotes from vetted installers in minutes

Unbiased support

Our expert Energy Advisors will help you make the right decision

Trusted, local installers

We pre-screen and monitor all of our partners

Consumer reviews of EnergySage

Back to the top
Did you find this page helpful?
Discover whole-home electrification
Home solar
House with rooftop solar panels

Create your own clean energy with solar panels.

Community solar
Solar farm

Enjoy the benefits of solar without rooftop panels.

Heating & cooling
Heat pump

Explore heat pumps, the latest in clean heating & cooling technology.