Solar Panel Savings Calculator
Inputs
$
$/kWh
kW
$
hrs
Tab to move between fields
Results
Net System Cost
$12,600.00
≈ 8 months of rent
Tax Credit Savings$5,400.00
First Year Savings$1,025.00
Monthly Savings$85.00
Payback Period11 years
25-Year Gross Savings$34,941.00
25-Year Net Profit$22,341.00
Annual Production7,884 kWh
Bill Coverage57%
1
Identify Input Parameters
4 parameters
= Monthly Electric Bill = 150, Electricity Rate = 0.13, System Size = 6, System Cost (before credits) = 18000
= 8 input(s) provided
2
Calculate Net System Cost
= 12600
= $12,600
3
Calculate Tax Credit Savings
Tax Credit Savings
= 5400
= $5,400
4
Calculate First Year Savings
First Year Savings
= 1025
= $1,025