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Solar Power Savings and Cost Estimate For A $500 Monthly Bill

This is a solar power cost estimate* for a $500 monthly electric bill. A 15kW or 15,000 watt solar panel system could offset most of your energy use. Results will vary based on utility rate, location and installation factors.

Save $171,800 over 25 years
Save $5,400 per year
Save $450 per month

Other benefits of solar power
$15,000 Increased home value
PRICELESS clean, healthy living

This is how much money you could save with solar power. The ROI is 19% to 30%. The payback period is 4 to 6 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
15kW Solar Panel System
Install 44 to 58 solar panels

Average Cost for 15kW System
$18,000 Self Installed
$28,500 Pro Installed

Electricity Cost before going solar
$204,947 over 25 years
$6,000 per year; $500 per month

Compare 15 kW Solar Kits


15kW = 15 kilowatts or 15,000 watts. Generates up to 2,600 kilowatt hours (kWh) per month. Solar Panels require space up to 1,100 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 $25,800 to $40,800. 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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15kW Solar Kit, Peimar 325P XL panels, SMA Sunny Boy, Rooftop 15 kW Solar Kit Axitec 330P panels, SMA Sunny Boy, Rooftop 15kW Solar Kit Axitec 295M panels, SMA Sunny Boy, Rooftop 15 kW Solar Kit Trina 345 XL SMA
15kW Solar Kit, Peimar 325P XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $17,800.00
15kW Solar Kit, Axitec 330P, SMA Inverter
SHIPS 1 TO 2 WEEKS
Your Price: $18,700.00
15 kW Solar Kit, Axitec 295M, SMA Inverter
SHIPS 1 TO 2 WEEKS
Your Price: $19,200.00
15 kW Solar Kit Trina 345 XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $19,300.00
15 kW Solar Kit, Peimar 310M panels, SMA Sunny Boy, Rooftop 15 kW Solar Kit iTek Energy 360 SMA 15kW PV Kit Canadian Solar CS6K-295-black SMA 15kW PV Kit Mission Solar MSE295SQ5T black SMA
15.1 kW Solar Kit, Peimar 310M, SMA Inverter
SHIPS 1 TO 2 WEEKS
Your Price: $19,600.00
15.1 kW PV Kit iTek 360 XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $20,100.00
15kW PV Kit Canadian 295 All-Black, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $20,300.00
15 kW PV Kit Misson 295 All-Black, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $20,300.00
15kW PV Kit SolarWorld SW300 SMA Inverter 15kW PV Kit Canadian Solar CS1K-320MS SMA 15 kW Solar Kit Silfab SLA370M SMA 15kW Solar Kit Peimar 325 XL, Enphase IQ6+ Microinverter
15kW PV Kit SolarWorld 300 Mono, SMA inverter
SHIPS 1 to 2 WEEKS
Your Price: $20,500.00
15 kW PV Kit Canadian 320, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $20,500.00
15 kW PV Kit Silfab 370 XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $20,600.00
15kW Solar Kit Peimar 325 XL, Enphase IQ Micro
SHIPS 1 to 2 WEEKS
Your Price: $21,700.00
15.1 kW Solar Kit Silfab SLA310M SMA 15kW PV Kit SolarWorld SW300 Fronius Inverter 15kW Solar Kit ECO280T Apollo Black SolarEdge inverters-optimizers 15 kW Solar Kit Peimar 300M, Enphase IQ7 Microinverter
15.1 kW PV Kit Silfab 310 Black, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $21,900.00
15kW PV Kit SolarWorld 300 Mono, Fronius inverter
SHIPS 1 to 2 WEEKS
Your Price: $22,000.00
15kW PV System, ECO280T Black panels, SolarEdge Optimizer
SHIPS 1 to 2 WEEKS
Your Price: $23,000.00
15 kW Solar Kit Peimar 300M, Enphase IQ Micro
SHIPS 1 TO 2 WEEKS
Your Price: $23,000.00
   
 


*NOTE: These are current solar price cost estimates as of JUNE 2018. Amounts may vary based on your location and installation factors. The 25 year utility cost is based on a national average of $0.26 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 $500 electric bill?


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