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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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20.1kW Solar Kit, Peimar 330P XL panels, SMA Sunny Boy, Rooftop 20kW Solar Kit, Peimar 360M XL panels, SMA Sunny Boy, Rooftop 20 kW Solar Kit Axitec 330P panels, SMA Sunny Boy, Rooftop 20 kW Solar Kit Trina 345 XL SMA
20.1 kW Solar Kit, Peimar 330P XL, SMA Inverter
SHIPS 4 TO 6 WEEKS
Your Price: $22,600.00
20 kW Solar Kit, Peimar 360M XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $24,100.00
20kW Solar Kit, Axitec 330P, SMA Inverter
SHIPS 1 TO 2 WEEKS
Your Price: $24,400.00
20 kW Solar Kit Trina 345 XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $25,100.00
20 kW Solar Kit Axitec 295M panels, SMA Sunny Boy, Rooftop 20 kW PV Kit Canadian Solar CS3U-370MS SMA Inverter 20 kW Solar Kit, Peimar 310M panels, SMA Sunny Boy, Rooftop 20kW Solar Kit, Peimar 330P XL panels, Enphase IQ7+ Micro
20 kW Solar Kit, Axitec 295M, SMA Inverter
SHIPS 1 TO 2 WEEKS
Your Price: $25,300.00
20.3 kW PV Kit Canadian 370, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $25,400.00
20 kW Solar Kit, Peimar 310M, SMA Inverter
SHIPS 1 TO 2 WEEKS
Your Price: $25,700.00
20 kW Solar Kit, Peimar 330P XL, Enphase Inverter
SHIPS 4 TO 6 WEEKS
Your Price: $26,200.00
20 kW Solar Kit iTek Energy 360 SMA 20kW PV Kit Canadian Solar CS6K-295-black SMA 20kW PV Kit Mission Solar MSE295SQ5T black SMA 20 kW Solar Kit Silfab SLA370M SMA
20.1 kW PV Kit iTek 360 XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $26,300.00
20kW PV Kit Canadian 295 All-Black, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $26,600.00
20 kW PV Kit Misson 295 All-Black, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $26,600.00
20 kW PV Kit Silfab 370 XL, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $26,800.00
20kW PV Kit Canadian Solar CS1K-320MS SMA 20kW PV Kit SolarWorld SW300 SMA Sunny Boy Inverter 20kW Solar Kit Peimar 360M, Enphase IQ7+ Micro 20kW PV Kit Trina 345 XL, SolarEdge Inverter-Optimizer
20 kW PV Kit Canadian 320, SMA Inverter
SHIPS 1 to 2 WEEKS
Your Price: $27,100.00
20kW PV Kit SolarWorld 300 Mono, SMA inverter
SHIPS 1 to 2 WEEKS
Your Price: $27,300.00
20 kW Solar Kit Peimar 360M, Enphase IQ Micro
SHIPS 1 TO 2 WEEKS
Your Price: $27,600.00
20 kW Solar Kit Trina 345 XL, SolarEdge HD Optimizer
SHIPS 1 to 2 WEEKS
Your Price: $28,100.00
   
 


*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 $0.26 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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