Calculate Energy Savings From Solar Panels

Estimates are based on your roof electricity bill and actual offers in your area.

Calculate energy savings from solar panels.

The net installation cost equals the total cost of going solar minus the 30 percent federal tax credit for solar. Use this solar panel calculator to quickly estimate your solar potential and savings by address. Upon entering an address the tool analyzes factors such as shade roof orientation and local weather patterns to calculate how many hours of sunlight hit that roof in a typical year. This analyzed information is then combined to create an estimate for how much power a user could produce and can save with solar.

See how long it will take for a solar system to pay for itself. Solar savings payback calculator. Then enter your typical annual electricity bill a guess is fine. Savings with a solar energy system for this scenario we assumed a monthly electric bill of 100 and an annual electricity rate increase of three percent.

You can leave all the other inputs as their default values and hit calculate. Calculating how much money solar panels will save you requires knowledge of your power usage local electricity rates estimated solar production and any federal state and local solar incentives such as the 26 federal solar tax credit that affects the upfront cost of a solar system where you live.