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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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14kW PV Kit Q.Cells 325 XL SMA Inverter 15kW Solar Kit Phono 260 SMA Inverter Rooftop 15kW Solar Kit Q.Cells 275 Fronius Inverter, Roof mount 15kW PV Kit Q.Cells 325 XL, Fronius Inverter
14.6kW PV Kit Q.Cells 325 XL, SMA Inverters
Ships in 1 to 2 Weeks
Your Price: $16,000.00
15kW Solar Kit Phono 260W SMA Inverter Rooftop
Usually Ships in 1 to 2 Weeks
Your Price: $17,500.00
15kW Solar Kit Q.Cells 275, Fronius inverter, Roof mount
Usually Ships in 1 to 2 Weeks
Your Price: $18,750.00
15kW PV Kit Q.Cells 325 XL, Fronius Inverter, Rooftop
Ships in 1 to 2 Weeks
Your Price: $19,600.00
15kW PV Kit hono 260 SolarEdge Inverter-Optimizer 15kW Solar Kit Trina 255 Black Fronius Inverter Rooftop 15kW Solar Kit, Canadian 280 BLACK panels, SMA Sunny Boy, Rooftop 15kW Solar Kit Q.Cells 275 APS Micro Inverter, Roof mount
15kW PV Kit Phono 260, SolarEdge Optimizer, rooftop
Usually Ships in 1 to 2 Weeks
Your Price: $20,000.00
15kW Solar Kit Trina 255 Black, Fronius, Rooftop
Usually Ships in 1 to 2 Weeks
Your Price: $20,300.00
15.1kW Solar Kit, Canadian 280M, SMA Inverter, Rooftop
Usually Ships in 1 to 2 Weeks
Your Price: $20,600.00
15.4kW Solar Kit Q.Cells 275, APS Micro, Roof mount
Ships in 1 to 2 Weeks
Your Price: $21,000.00
17kW PV Kit Q.Cells 325 XL, Fronius Inverter 15kW PV Kit SolarWorld 325 XL SolarEdge Inverter 15kW Solar Kit ecoSolargy 255W, Fronius inverter 15 kW Solar Kit, Japan Solar 260 panels
16.9kW PV Kit Q.Cells 325 XL, Fronius Inverter, Rooftop
Ships in 1 to 2 Weeks
Your Price: $21,000.00

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15.6 kW PV Kit SolarWorld 325 XL, SolarEdge Optimizer, rooftop
Ships in 1 to 2 Weeks
Your Price: $21,700.00
15.3kW Solar Kit ecoSolargy 255W, Fronius inverter, rooftop
Usually Ships in 1 to 2 Weeks
Your Price: $22,000.00
15kW PV System, Japan 260 panels, Fronius inverter, roof mount
Usually Ships in 1 to 2 Weeks
Your Price: $22,000.00
15kW PV Kit Q.Cells 325 XL, SolarEdge Inverter-Optimizer 15kW PV Kit SolarWorld SW345 XL SMA Sunny Boy Inverter 15kW Solar Kit Canadian 340MP SolarEdge Rooftop 15kW Solar Kit Trina TSM-255P Black SolarEdge inverters-optimizers
15kW PV Kit Q.Cells 325 XL, SolarEdge Inverter-Optimizer
Ships in 1 to 2 Weeks
Your Price: $22,000.00
15.3kW PV Kit Canadian 340M, SolarEdge Optimizer, Rooftop
Usually Ships in 1 to 2 Weeks
Your Price: $22,000.00
15kW Solar Kit Trina 255 Black, SolarEdge Optimizer, Rooftop
Ships in 1 to 2 Weeks
Your Price: $22,900.00
   
 


*NOTE: These are current solar price cost estimates as of March 2017. 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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