Calculate your estimated savings from installing solar panels at your home.
How to use this tool
- Input your current monthly electricity bill.
- Enter the expected percentage reduction from switching to solar.
- Provide the estimated installation cost for solar panels.
- Choose the number of years you want to estimate savings for, then click calculate.
Limitations
This tool provides an estimate based on user-provided data. Actual savings can vary based on factors like energy price changes, solar system efficiency, and local solar incentives. Consult with a professional for a detailed analysis.
Frequently asked questions
What is the average percentage reduction in electricity bill after switching to solar?
On average, solar panels can reduce electricity bills by 50% to 80%. However, actual savings depend on several factors including location, system size, and energy usage patterns.
Do these savings include potential rebates or incentives?
No, the tool does not account for specific local rebates or federal incentives, which can further improve your savings.