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Solar Power Savings and Cost Estimate For A $700 Monthly Bill

This is a solar power cost estimate* for a $700 monthly electric bill. A 20kW or 20,000 watt solar panel system could offset most of your energy use. Results will vary based on utility rate, location and installation factors.

Save $255,845 over 25 years
Save $7,560 per year
Save $630 per month

Other benefits of solar power
$25,000 Increased home value
PRICELESS clean, healthy living

This is how much money you could save with solar power. The ROI is 17% to 27%. 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
20kW Solar Panel System
Install 58 to 77 solar panels

Average Cost for 20kW System
$24,000 Self Installed
$38,000 Pro Installed

Electricity Cost before going solar
$286,900 over 25 years
$8,400 per year; $700 per month

Compare 20 kW Solar Kits


20kW = 20 kilowatts or 20,000 watts. Generates up to 2,500 kilowatt hours (kWh) per month. Solar Panels require space up to 1,400 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 $34,400 to $54,400. 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
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20kW Solar Kit Phono 260 SMA Inverter Rooftop 20kW PV Kit hono 260 SolarEdge Inverter-Optimizer 20kW Solar Kit Q.Cells 275 Fronius Inverter, Roof mount 20kW Solar Kit Trina 255 Black Fronius Inverter Rooftop
20kW Solar Kit Phono 260W SMA Inverter Rooftop
Usually Ships in 1 to 2 Weeks
Your Price: $22,800.00
20kW PV Kit Phono 260, SolarEdge Optimizer, rooftop
Usually Ships in 1 to 2 Weeks
Your Price: $26,500.00
20kW Solar Kit Q.Cells 275, Fronius inverter, Roof mount
Usually Ships in 1 to 2 Weeks
Your Price: $26,800.00
20.1kW Solar Kit Trina 255 Black, Fronius, Rooftop
Usually Ships in 1 to 2 Weeks
Your Price: $27,500.00
20kW PV Kit Q.Cells 325 XL, SolarEdge Inverter-Optimizer 20 kW Solar Kit, Japan Solar 260 panels 20kW Solar Kit ecoSolargy 255W, Fronius inverter 20kW PV Kit SolarWorld 325 XL SolarEdge Inverter
20kW PV Kit Q.Cells 325 XL, SolarEdge Inverter-Optimizer
Ships in 1 to 2 Weeks
Your Price: $28,200.00
20kW PV System, Japan 260 panels, Fronius, rooftop
Usually Ships in 1 to 2 Weeks
Your Price: $28,500.00
20.4kW Solar Kit ecoSolargy 255W, Fronius inverter, rooftop
Usually Ships in 1 to 2 Weeks
Your Price: $28,800.00
20.1kW PV Kit SolarWorld 325 XL, SolarEdge Optimizer, Rooftop
Usually Ships in 1 to 2 Weeks
Your Price: $29,000.00
20kW Solar Kit Jinko JKM320P panels, APS Micro inverter, Rooftop 20kW PV Kit SolarWorld SW345 XL SMA Sunny Boy Inverter 20kW Solar Kit Trina TSM-255P Black SolarEdge inverters-optimizers 20kW Solar Kit Mitsubishi MLE280 SMA inverter
20.4kW Solar Kit, Jinko 320P XL, APS Micro, Rooftop
Ships in 1 to 2 Weeks
Your Price: $29,000.00
20.1kW Solar Kit Trina 255 Black, SolarEdge Optimizer, Rooftop
Ships in 1 to 2 Weeks
Your Price: $30,000.00
20.1 kW PV System, Mitsubishi MLE280 Black, SMA Inverter, rooftop
Usually Ships in 1 to 2 Weeks
Your Price: $30,200.00
19kW PV Kit Silfab 360 XL, SolarEdge Inverter-Optimizer 20kW PV Kit SolarWorld 285M Fronius Inverter 20kW Solar Kit Silfab SLA300M SMA 17kW PV Kit SolarWorld 280M SolarEdge Optimizer
20.5kW PV Kit SolarWorld 285 Mono, Fronius Inverter, Rooftop
Ships in 1 to 2 Weeks
Your Price: $30,600.00
20kW PV Kit Silfab 300 Black, SMA Inverter, Rooftop
Ships in 1 to 2 Weeks
Your Price: $30,800.00
   
 

*NOTE: These are current solar price cost estimates as of January 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 $700 electric bill?
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