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Solar Power Savings and Cost Estimate For A $200 Monthly Bill

This is a solar power estimate* for a $200 monthly electric bill. An 8kW or 8,000 watt solar panel system could offset most of your energy use. Results will vary based on utility rate, location and installation factors.

Save $63,655 over 25 years
Save $2,160 per year
Save $180 per month

Other benefits of solar power
$9,000 Increased home value
PRICELESS clean, healthy living

This is how much money you could save with solar power. The ROI is 14% to 20%. The payback period is 5 to 7 years. The solar panels may work for 35 to 40 years.



Real estate studies show that a Solar Home can increase market value.
The environmental benefits are clear with clean, renewable energy.
ASSUMPTIONS
8kW Solar Panel System
Install 24 to 30 solar panels

Average Cost for 8kW System
$10,400 Self Installed
$16,000 Pro Installed

Electricity Cost before going solar
$81,979 over 25 years
$2,400 per year; $200 per month

Compare 8 kW Solar Kits


8kW = 8 kilowatts or 8,000 watts. Generates up to 1,400 kilowatt hours (kWh) per month. Solar Panels require space up to 540 square feet.

Total Cost Includes permit, panels, inverter, rooftop mount, installation and warranty, minus a 30% Federal renewable energy tax credit. Average sticker price before tax credits is $14,800 - $22,800. Learn more about solar installation

This is how much you will pay the utility if you don't use solar panels. Remember, utility rates go up 4% on average every year.



VIEW ANOTHER ESTIMATE - Choose an Electric Bill Amount
$100 | $200 | $300 | $400 | $500 | $600 | $700 | $800 | $900 | $1,000

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7kW Solar Kit, Peimar 320P XL panels, SMA Sunny Boy, Rooftop 8kW Solar Kit, Peimar 320P XL panels, SMA Sunny Boy, Rooftop 8kW Solar Kit Peimar 270 SMA Inverter Rooftop 8kW Solar Kit, Peimar 320P XL panels, SolarEdge HD inverter, Rooftop
7kW Solar Kit, Peimar 320P XL, SMA Inverter
Ships in 4 to 6 Weeks
Your Price: $8,000.00
8kW Solar Kit, Peimar 320P XL, SMA Inverter
Ships in 4 to 6 Weeks
Your Price: $8,800.00
8.1kW Solar Kit Peimar 270W SMA Inverter
Usually Ships in 1 to 2 Weeks
Your Price: $9,600.00
8kW Solar Kit, Peimar 320P XL, SolarEdge HD Optimizer
Ships in 4 to 6 Weeks
Your Price: $10,700.00
9kW Solar Kit, Peimar 320P XL panels, SMA Sunny Boy, Rooftop 8kW Solar Kit Silfab SLA300M SMA 8kW Solar Kit Peimar 320 XL, Enphase IQ6+ Microinverter 8 kW Solar Kit, Japan Solar 260 panels
9.3kW Solar Kit, Peimar 320P XL, SMA Inverter
Ships in 4 to 6 Weeks
Your Price: $10,800.00
8.1kW PV Kit Silfab 300 Black, SMA Inverter
SOLD OUT
Your Price: $11,500.00
8kW Solar Kit Peimar 320 XL, Enphase IQ6+ Micro
Ships in 4 to 6 Weeks
Your Price: $11,500.00
8.3kW PV System, Japan 260 panels, Fronius inverter
Usually Ships in 1 to 2 Weeks
Your Price: $12,000.00
8kW PV Kit SolarWorld SW300 Fronius Inverter 8.1 kW Solar Kit Peimar 300M, SolarEdge HD 9kW PV Kit SolarWorld SW300 SMA Inverter 9kW Solar Kit, Peimar 320P XL panels, SolarEdge HD inverter, Rooftop
8.1kW PV Kit SolarWorld 300 Mono, Fronius inverter
Ships in 1 to 2 Weeks
Your Price: $12,100.00
8.1 kW Solar Kit Peimar 300M, SolarEdge Optimizer
Ships in 4 to 6 Weeks
Your Price: $12,200.00
9kW PV Kit SolarWorld 300 Mono, SMA inverter
Ships in 1 to 2 Weeks
Your Price: $12,500.00
9.3kW Solar Kit, Peimar 320P XL, SolarEdge Optimizer
Ships in 4 to 6 Weeks
Your Price: $12,500.00
8kW PV Kit Silfab 360 XL, SolarEdge Inverter-Optimizer 9kW Solar Kit Peimar 320 XL, Enphase IQ6+ Microinverter 8kW Solar Kit ECO280T Apollo Black SolarEdge inverters-optimizers 8kW Solar Kit Mitsubishi MLE280 SMA inverter
9kW Solar Kit Peimar 320 XL, Enphase IQ6+ Micro
Ships in 4 to 6 Weeks
Your Price: $12,800.00
8.4kW PV System, ECO280T Black panels, SolarEdge Optimizer
Ships in 1 to 2 Weeks
Your Price: $12,900.00
8.4 kW PV Kit, Mitsubishi MLE280 Black, SMA Inverter
Usually Ships in 1 to 2 Weeks
Your Price: $13,200.00
   
 

*NOTE: These are current solar price cost estimates as of November 2017. Amounts may vary based on your location and installation factors. The 25 year utility cost is based on a national average of $0.18 per kWh and a conservative 2.5% annual electricity price inflation rate. The estimated kWh produced per month is based on NREL PVWatts calculator; assumes 5 sun hours per day, array mounted at 180 degrees South at 20 degree tilt. How much solar power do you need for a $200 electric bill?


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