so another house in our neighborhood burned down after the storms yesterday and the wife is asking for one. Cost? Ease of installing? Permits required?

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When my roof was replaced last year the work to restore the lightning arrestors had to be done by a bonded installer.
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Was this one of the ones in Frisco that burnt yesterday?
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McKINNEY, TEXAS (May 30, 2012) – Lightning is considered the most dangerous and frequently encountered weather hazard most people experience.
As severe weather moved through McKinney on Wednesday morning, two residential structure fires occurred in a neighborhood near Alma and Silverado. Both fires were attributed to lightning strikes.
The first fire, on Loma Alta, was reported at approximately 11:18 a.m. Report of the second fire, on Laughing Waters, was received a short time later. More than 20 personnel responded to each scene, with the last unit clearing after 3:00 p.m. In addition to the two confirmed structure fires, a third home, also located on Loma Alta was struck by lightning. Upon investigation, there was no fire.