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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

WANT A CUSTOM DESIGNED SOLAR PANEL SYSTEM AT THE LOWEST COST? Start Design Here
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8kW Solar Kit, Peimar 325P XL panels, SMA Sunny Boy, Rooftop 8.2 kW Solar Kit Axitec 330P panels, SMA Sunny Boy, Rooftop 8.2 kW Solar Kit Trina 345 XL SMA 8 kW Solar Kit Axitec 295M panels, SMA Sunny Boy, Rooftop
8kW Solar Kit, Peimar 325P XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $9,400.00
8kW Solar Kit, Axitec 330P, SMA Inverter
SHIPS 1 TO 2 WEEKS
Your Price: $10,000.00
8.2 kW Solar Kit Trina 345 XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $10,300.00
8.2 kW Solar Kit, Axitec 295M, SMA Inverter
SHIPS 1 TO 2 WEEKS
Your Price: $10,400.00
8 kW Solar Kit, Peimar 310M panels, SMA Sunny Boy, Rooftop 8kW PV Kit Canadian Solar CS1K-320MS SMA 8 kW Solar Kit iTek Energy 360 SMA 9kW Solar Kit, Peimar 325P XL panels, SMA Sunny Boy, Rooftop
8.3 kW Solar Kit, Peimar 310M, SMA Inverter
SHIPS 1 TO 2 WEEKS
Your Price: $10,700.00
8 kW PV Kit Canadian 320, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $10,800.00
8.2 kW PV Kit iTek 360 XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $10,800.00
9kW Solar Kit, Peimar 325P XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $10,900.00
8kW PV Kit SolarWorld SW300 SMA Inverter 8 kW Solar Kit Silfab SLA370M SMA 8kW PV Kit Canadian Solar CS6K-295-black SMA 8kW PV Kit Mission Solar MSE295SQ5T black SMA
8kW PV Kit SolarWorld 300 Mono, SMA inverter
SHIPS 1 to 2 WEEKS
Your Price: $10,900.00
8 kW PV Kit Silfab 370 XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $10,900.00
8.2kW PV Kit Canadian 295 All-Black, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $11,000.00
8.2 kW PV Kit Misson 295 All-Black, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $11,000.00
9 kW Solar Kit Axitec 295M panels, SMA Sunny Boy, Rooftop 9.3 kW Solar Kit Trina 345 XL SMA 8 kW Solar Kit Silfab SLA310M SMA 9 kW Solar Kit iTek Energy 360 SMA
9.1 kW Solar Kit, Axitec 295M, SMA Inverter
SHIPS 1 TO 2 WEEKS
Your Price: $11,300.00
9.3 kW Solar Kit Trina 345 XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $11,400.00
8 kW PV Kit Silfab 310 Black, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $11,500.00
9 kW PV Kit iTek 360 XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $11,600.00
   
 

*NOTE: These are current solar price cost estimates as of JULY 2018. 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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