Waco, Texas

Commercial Solar in Waco, Texas

KA
By Khan Ashifur Commercial solar analyst. Builds financial models using NREL PVWatts and OpenEI utility-rate data.
Waco data reviewed

Waco commercial property owners can save up to $5,171,909 over 25 years with solar, with paybacks as short as 3.9 years on manufacturing. With 5.0 peak sun hours per day and Oncor commercial rates around $0.102/kWh, Wacois one of Texas's strongest markets for commercial solar.

30% Federal ITC100% TX Property Tax Exempt
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Peak Sun Hours
5.0

kWh/m² per day in Waco

Commercial Rate
$0.102

Avg $/kWh via Oncor

Best Payback
3.9 yrs

Manufacturing in Waco

Top 25-Yr Savings
$5.2M

Manufacturing in Waco

Why Waco Is Ideal for Commercial Solar

Waco combines strong solar irradiance (5.0 peak sun hours/day), deregulated ERCOT electricity with rates around $0.102/kWh, and one of the most business-friendly solar tax regimes in the country. Every commercial kWh produced by your system offsets electricity you would otherwise buy at this rate — and under Texas Tax Code § 11.27, the solar system itself is 100% exempt from property tax assessment.

Strong Solar Resource

5.0 peak sun hours/day — production factor 1,530 kWh/kW/year via NREL PVWatts.

Oncor Rates

$0.102/kWh commercial rate + $8/kW demand charges — solar offsets both.

Tax Advantages

30% Federal ITC + 5-yr MACRS + 100% TX property tax exemption stack together.

Waco Commercial Solar by Building Type

Every building type has different solar economics. These estimates are for typical Waco properties — click any row for the full analysis with FAQs and local market context.

Commercial solar estimates for Waco by building type
Building TypePayback25-yr Savings
Warehouse / Distribution4.3 yrs$2,668,280
Office Building4.3 yrs$2,235,586
Retail / Shopping4.5 yrs$1,807,718
Manufacturing3.9 yrs$5,171,909
Cold Storage3.9 yrs$4,298,276
Other Commercial4.3 yrs$2,235,586

Waco Commercial Solar FAQs

Common questions from Waco commercial property owners.

Commercial solar in Waco costs approximately $2.50-$3.00 per watt before incentives. A typical 370 kW system for a warehouse runs around $629,000 gross, dropping to $306,638 after the 30% Federal ITC, MACRS depreciation, and Texas property tax exemption.

How We Calculate These Numbers

Every estimate on this page is generated at request time from public data sources. We do not use average industry figures or vendor-supplied marketing numbers.

  • Solar production: NREL PVWatts v5 using Waco's latitude (31.55°N), typical tilt / azimuth, and the production factor of 1,530 kWh/kW/year specific to this location.
  • Utility rate: $/kWh and demand-charge inputs are drawn from the OpenEI Utility Rate Database for Oncor commercial tariffs.
  • Federal incentives: 30% Investment Tax Credit (IRC §48), 5-year MACRS accelerated depreciation (IRC §168(e)), and — where eligible — the 10% Energy Community bonus under IRS Notice 2023-29.
  • Texas property tax: Texas Tax Code §11.27 exempts 100% of the solar-system value from property tax assessment.
  • What we do NOT include: speculative REC sales, utility rebates that expire and reset annually, or net-metering credits that vary by utility. Numbers shown are conservative.

All inputs and assumptions are visible in the per-building-type pages linked above. If you believe a number is wrong for your specific property, contact us and we will review it.

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