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Enter your details on the left to instantly see your estimated solar savings, payback period, and incentives. No email required!
How the Solar Savings Calculator Works
What Data Do You Need?
To provide an accurate estimate, we ask for your address or ZIP code and your average monthly electricity bill. This helps us tailor the results to your location and energy usage.
How Accurate Are the Results?
Our calculator uses up-to-date data on solar irradiance, local electricity prices, and available incentives. While actual savings may vary, our estimates are based on proven methodologies and real-world data.
Calculation Methodology
We factor in system size, panel efficiency, net metering, and both federal and state incentives to give you a comprehensive savings projection and payback period.
Understanding Your Solar Savings Results
Annual Savings & Payback Period
See how much you can save each year and how quickly your investment pays for itself.
Return on Investment (ROI) Explained
Understand the long-term financial benefits of going solar, including increased home value and reduced utility bills.
Factors That Affect Your Solar Savings
Learn about the variables that impact your results, such as system size, local rates, and available incentives.
State-Specific Solar Incentives & Rebates
Federal Solar Tax Credit
Take advantage of the 30% federal tax credit for solar installations, available to all U.S. homeowners.
State Solar Incentives
Many states offer additional rebates and incentives. Enter your address to see what's available in your area.
Net Metering Policies
Net metering lets you earn credits for excess energy sent to the grid, further increasing your savings.
Frequently Asked Questions (FAQ)
How much money do solar panels save?
The amount you save depends on your location, electricity rates, and system size. On average, homeowners can save thousands of dollars over the lifetime of their solar panels by reducing or even eliminating their electricity bill.
What is the payback period for solar panels?
The payback period is the time it takes for your solar savings to cover the initial installation cost. Most homeowners see a payback period between 6 and 10 years, depending on incentives and local energy prices.
Are solar panels worth it for my home?
In most cases, yes! Solar panels can significantly reduce your electricity bill, increase your home's value, and provide a strong return on investment, especially when you take advantage of available incentives.
How does net metering affect my savings?
Net metering allows you to earn credits for excess electricity your solar panels produce and send back to the grid. This can further reduce your electricity bill and increase your overall savings.
How accurate are solar savings calculators?
Our calculator uses up-to-date data and proven methodologies to provide accurate estimates. However, actual savings may vary based on your energy usage, system performance, and changes in electricity rates.