Solar Panel System Savings

Solar savings payback calculator.

Solar panel system savings.

In pennsylvania the average solar payback period is 10 66 years. In some states with extraordinarily high energy costs e g hawaii the department of energy estimates a cost savings of over 60 000 in 20 years. A house that uses more electricity will need more solar panels. See how long it will take for a solar system to pay for itself.

The amount of electricity your home uses. A solar payback period is the amount of time it takes for property owners who install solar panels to recover their initial investment through electricity savings. The tax break reduces the. How are you financing your solar panel system.

For an average sized 6kw solar system installed anywhere in the country solar panels will save about 1 500 annually. Solar panels cost money upfront but will save you money in the long term. An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. Although solar panels do get cheaper on a per watt basis as the system size gets bigger the overall cost of the system increases as well.

Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Start comparing custom quotes on the energysage marketplace to see your estimated savings from solar. These savings are very real and their relative strength depends on the availability of local city and state incentives. You can find reliable solar panel costs near you by using our calculator which is built using real estimates.

Net energy metering allows you to earn energy credits at the retail value for the energy your solar panels produce. The calculator also allows you to compare a high quality photovoltaic pv system with a lower priced solar system and see the difference in payback time. The average home can save between 10 000 and 30 000 over the lifetime of your solar panel system. While solar leases and power purchase.