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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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15 kW Solar Kit, Mission 375, SMA Inverter, Sunny Boy, MSE375 15kW PV Kit Canadian Solar CS6K-295-black SMA 15kW PV Kit Canadian Solar CS1K-320MS SMA 15.1 kW Solar Kit Silfab SLA310M SMA
15 kW Solar Kit, Mission 375, SMA Inverter
SHIPS 1 - 2 WEEKS
Your Price: $19,800.00
15kW PV Kit Canadian 295 All-Black, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $20,300.00
15 kW PV Kit Canadian 320, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $20,500.00
15.1 kW PV Kit Silfab 310 Black, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $21,900.00
15 kW Solar Kit, Mission 375, Solar Edge, MSE375 15 kW Solar Kit, Mission 375,  Enphase IQ7+ Micro Inverter, MSE375 15kW PV Kit Trina Solar TSM-375 Enphase 15kW PV Kit Canadian Solar CS6K-295-black SolarEdge
15 kW Solar Kit, Mission 375, Solar Edge Inverter
SHIPS 1 - 2 WEEKS
Your Price: $22,400.00
15 kW Solar Kit, Mission 375, Enphase IQ7+ Micro
SHIPS 1 - 2 WEEKS
Your Price: $23,000.00
15.7 kW PV Kit Trina Solar 375 XL Enphase Micro
SHIPS 1 to 2 WEEKS
Your Price: $23,300.00
15kW PV Kit Canadian 295 All-Black, SolarEdge Optimizer
SHIPS 1 to 2 WEEKS
Your Price: $24,400.00
15kW PV Kit Canadian Solar CS1K-320MS SolarEdge 15.5 kW Solar Kit Solar Kit Panasonic 330, SMA Sunny Boy 15kW PV Kit Canadian Solar CS6K-295-black Enphase 15 kW Solar Kit Silfab SLA310M SolarEdge
15 kW PV Kit Canadian 320, SolarEdge Optimizer
SHIPS 1 to 2 WEEKS
Your Price: $24,600.00
15.5kW Solar Kit Panasonic 330, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $25,100.00
15 kW PV Kit Canadian 295 All-Black, Enphase Micro
SHIPS 1 to 2 WEEKS
Your Price: $25,200.00
15 kW PV Kit Silfab 310 Black, SolarEdge Optimizer
SHIPS 1 to 2 WEEKS
Your Price: $25,900.00
15 kW Solar Kit Silfab SLA310M Enphase MicroInverter 15kW PV Kit Canadian Solar CS1K-320MS Enphase 15kW Solar Kit LG365 SMA Sunny Boy inverters 15kW PV Kit Solaria 350, SolarEdge Inverter-Optimizer
15.1 kW PV Kit Silfab 310 Black, Enphase IQ Micro
SHIPS 1 to 2 WEEKS
Your Price: $26,500.00
15 kW PV Kit Canadian 320, Enphase Micro
SHIPS 1 to 2 WEEKS
Your Price: $26,500.00
15 kW PV System, LG365 panels, SMA Inverter
SOLD OUT
Your Price: $26,900.00
15 kW PV Kit Solaria 350, SolarEdge HD Optimizer
SHIPS 1 to 2 WEEKS
Your Price: $28,600.00
   
 


*NOTE: These are current solar price cost estimates as of MARCH 2019. 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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