Electricity Rates in Plano, TX
Average electricity cost, utility comparison, and solar savings potential for Plano homeowners.
Plano Electricity Cost Overview
The average residential electricity rate in Plano, TX is $0.13 per kWh, which is 19% below the national average of $0.16/kWh. Homeowners in Plano pay an average of $108 per month for electricity, based on typical usage of 833 kWh per month.
Electricity rates in Plano are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use. Since Texas has a deregulated electricity market, Plano residents can shop for competitive rates from alternative suppliers.
Electric Utilities Serving Plano
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| TXU Energy | $0.13 | $108 |
| Reliant Energy | $0.12 | $100 |
| Direct Energy | $0.13 | $108 |
How Solar Compares to Plano Electricity Rates
Without Solar
- Monthly bill: $108
- Annual cost: $1,296
- 25-year cost: $32,400
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $91
- Annual savings: $1,092
- 25-year savings: $38,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Plano, TX
The average residential electricity rate in Plano is $0.13 per kilowatt-hour (kWh), which is 19% below the national average of $0.16/kWh. The average monthly electric bill for Plano homeowners is approximately $108.
With solar panels, Plano homeowners can reduce their electricity costs by approximately 84%, saving around $91 per month or $38,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.
The major electric utilities serving the Plano area include TXU Energy, Reliant Energy, Direct Energy. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Plano and across Texas have been increasing, following national trends of 2-5% annual increases. This makes solar panels an increasingly attractive option since they lock in your energy costs for 25+ years.
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