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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
$100 | $200 | $300 | $400 | $500 | $600 | $700 | $800 | $900 | $1,000

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20kW Solar Kit, Peimar 320P XL panels, SMA Sunny Boy, Rooftop 20kW Solar Kit, Peimar 320P XL panels, SolarEdge HD inverter, Rooftop 20kW Solar Kit, Canadian 280 BLACK panels, SMA Sunny Boy, Rooftop 20kW Solar Kit Silfab SLA300M SMA
20kW Solar Kit, Peimar 320P XL, SMA Inverter
Ships in 4 to 6 Weeks
Your Price: $22,000.00
20kW Solar Kit, Peimar 320P XL, SolarEdge Optimizer
Ships in 4 to 6 Weeks
Your Price: $26,400.00
20kW PV Kit Silfab 300 Black, SMA Inverter
SOLD OUT
Your Price: $27,800.00
20 kW Solar Kit, Japan Solar 260 panels 20kW Solar Kit Jinko JKM320P panels, APS Micro inverter, Rooftop 19kW PV Kit Silfab 360 XL, SolarEdge Inverter-Optimizer 20kW PV Kit SolarWorld SW300 Fronius Inverter
20kW PV System, Japan 260 panels, Fronius inverter
Usually Ships in 1 to 2 Weeks
Your Price: $28,500.00
20.4kW Solar Kit, Jinko 320P XL, APS Micro
Ships in 1 to 2 Weeks
Your Price: $29,000.00
20.1kW PV Kit SolarWorld 300 Mono, Fronius inverter
Ships in 1 to 2 Weeks
Your Price: $29,500.00
20kW Solar Kit ECO280T Apollo Black SolarEdge inverters-optimizers 20kW Solar Kit Mitsubishi MLE280 SMA inverter 20.4 kW Solar Kit Peimar 300M, SolarEdge 20kW Solar Kit Mitsubishi MLE280 SolarEdge inverters-optimizers
20kW PV System, ECO280T Black panels, SolarEdge Optimizer
Ships in 1 to 2 Weeks
Your Price: $29,900.00
20.1 kW PV System, Mitsubishi MLE280 Black, SMA Inverter
Usually Ships in 1 to 2 Weeks
Your Price: $30,200.00
20.4 kW Solar Kit Peimar 300M, SolarEdge Optimizer
Ships in 4 to 6 Weeks
Your Price: $30,450.00
20.1kW PV System, Mitsubishi MLE280 Black, SolarEdge Optimizer
Ships in 1 to 2 Weeks
Your Price: $33,300.00
20kW PV Kit SolarWorld SW300 Enphase MicroInverter 20kW Solar Kit Silfab SLA300M Enphase MicroInverter 20kW PV Kit SolarWorld SW300 StorEdge 20.7 kW Solar Kit Solar Kit Panasonic 330, SolarEdge inverter optimizer, rooftop mount
20kW PV Kit SolarWorld 300 Mono, Enphase Micro
Ships in 1 to 2 Weeks
Your Price: $34,800.00
20.4kW PV Kit SolarWorld 300, StorEdge Battery Inverter
Ships in 1 to 2 Weeks
Your Price: $35,800.00
20.7 kW Solar Kit Panasonic 330, SolarEdge Optimizer
Usually Ships in 1 to 2 Weeks
Your Price: $38,200.00
   
 


*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 $0.26 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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