Solar Calculator
Electricity Bills
Current Electricity Bill
$
Annual Electricity Rate Increase
%
Electricity Payment Projections
5 Year
10 Year
20 Year
30 Year
Total Paid For Electricity
5 Year
10 Year
20 Year
30 Year
Solar System Estimate
System Size
7 kw
# of Panels
25
System Cost Before Discounts
$31,500
Federal Tax Credit
$14993
Net System Cost
$22,050
Solar system = electric payments of
5 years
Est. Property Value Increase
$41,300
Estimated Payments *
Loan Option 1
(Without Tax Credit Applied)
Solar Loan / PACE / Hero
20 year @ 8% (5% Fee)
(With Tax Credit Applied)
- * Sample loan terms. Actual loan terms upon qualifying
- ** Home loan & tax credit used for savings calculations
- ** 5% electric bill added to solar payment
Estimated Monthly Savings (Electric vs Solar)
1 Year
$70 Or 30%
5 Year
$103 Or 38%
10 Year
$150 Or 47%
20 Year
$247 Or 61%
30 Year
$409 Or 69%
Estimated Total Savings **
1 Year
$10,292
5 Year
$14,622
10 Year
$22,467
20 Year
$48,278
30 Year
$92,138
Estimated Compounding Savings ***
Annual Interest Rate
%
10 Years
$31,228
20 Years
$82,573
30 Years
$48,278
Net 30 Year Benefit
$228,557
*** Using solar savings & tax credit for compounding 2205