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Solar Panel Savings Calculator

Calculate potential savings and ROI from installing solar panels on your property

Solar System Summary
Based on your energy usage and location
8.6 kW

Recommended system size

Gross System Cost:$25,800
Federal Tax Credit:-$7,740
Net System Cost:$18,060
First Year Production:12,040 kWh
First Year Savings:$1,806
25-Year Savings:$65,694
Payback Period:9.0 years
Return on Investment:264%
Monthly Loan Payment:$148
Total Loan Payments:$26,562
Net Lifetime Benefit:$39,133
Savings Over Time
Cumulative savings over 25 years
1
6
11
16
21
25
$65,694
$49,271
$32,847
$16,424
$0
Payback
Cumulative Savings
Payback Point

Environmental Impact

CO₂ Reduction
8428 kg/year
Equivalent Trees
421 trees/year
$150
$0.15
12,000 kWh
100%

Energy Usage Insights

Average Daily Usage:33 kWh
Monthly Usage:1000 kWh
Compared to Average Home:Average
Learn about average energy usage

About This Calculator

Solar energy can significantly reduce your electricity bills while helping the environment. Our Solar Panel Savings Calculator helps you evaluate the financial and environmental benefits of installing solar panels:

  • Energy Usage: Your current electricity consumption and costs.
  • System Design: Recommended system size based on your energy needs and location.
  • Installation Costs: Estimated gross cost and available incentives.
  • Financial Returns: Projected savings, payback period, and ROI.
  • Environmental Impact: CO₂ emissions reduction and equivalent environmental benefits.

The calculator provides a comprehensive analysis of solar panel installation, helping you determine if solar is a good investment for your specific situation and how long it will take to recoup your initial investment.

How to Use This Calculator

Enter your monthly electricity bill, location details, and roof characteristics. The calculator will recommend an appropriate system size, estimate costs after incentives, and project your long-term savings and environmental impact.