For homeowners in Murphy, the memory of widespread ERCOT grid failures is a powerful motivator for energy independence. Relying on an aging, strained grid is becoming less viable. A solar and battery storage system offers a reliable, modern solution, generating your own clean power during the day and storing it for use at night or during the next inevitable power outage.
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2026 Solar & Battery Investment Costs in Murphy
Achieving energy savings in Murphy is highly accessible. A standard solar-only system costs about $8,050 after claiming the 30% federal tax credit, putting the payback period at just over 9 years.
To gain full protection from outages and maximize self-consumption, the majority of new solar owners now choose a solar-plus-battery system. The net cost for this resilient setup is approximately $16,450 after the federal tax credit, an investment in both your financial future and your family's comfort and safety.
Incentives & Tax Credits
Available Tax Credits and Exemptions
All Murphy homeowners are eligible for significant incentives that reduce the cost of going solar:
- Federal Solar ITC: A 30% tax credit on the entire cost of your solar panel and battery system.
- Property Tax Exemption: Texas law prevents your property tax bill from increasing due to the value added by your solar installation.
- Sales Tax Exemption: All solar components are exempt from Texas sales tax, saving you over 8% on the purchase price.
Net Metering: Oncor (transmission)
No Statewide NEM
Optional
How Your Solar System Interacts with Oncor and Your REP
In Murphy, Oncor manages the physical power lines, but your electricity plan is with a separate Retail Electric Provider (REP). This deregulated structure is key to maximizing solar savings. Without a statewide net metering law, you must select an REP that offers a competitive 'solar buyback' program. These programs credit you for the excess energy your panels send to the grid, which is essential for reducing your remaining electricity bill to near zero.
Projected Savings
Two-Fold Savings: Lower Bills and Energy Security
A properly sized solar panel system in this part of Collin County can generate enough power to slash your annual electricity costs by an average of $843 per year. However, the true value extends beyond simple bill reduction. A battery gives you insulation from price spikes during high-demand periods and keeps your lights, refrigerator, and AC running during blackouts, providing a level of security that the grid simply can't guarantee.