Solar Calculator: Estimate Installation Cost and Savings – MarketWatch


Homeowners eager about solar panels could also be apprehensive due to the price. According to the Solar Energy Industries Association (SEIA), a median 6-kilowatt-hour (KWh) system prices between $16,000 and $21,000. While solar panels can positively be value it, it’s crucial to find out your home’s solar potential earlier than making such a giant funding. 

We on the Home Media opinions crew created a solar panel value calculator that estimates your system prices and offers an in depth take a look at what a transfer to renewable energy would seem like for you. Get a personalized estimate by coming into particulars about your energy utilization and home, together with its measurement, structure and roof design. We’ll additionally present a snapshot of your long-term solar energy financial savings.



Calculate Your Solar Panel Installation Cost and Savings

Use the instrument beneath to get estimates and decide if a transfer to solar energy is the precise funding on your home.

Solar Calculator

How Much Does Solar Cost?

Use the calculator to see how a lot you would save!

What is your roof manufactured from?

How a lot shade does your home get?

How massive is your home?


How many flooring is your home?

What is your common month-to-month electrical invoice?


Would you prefer to buy a battery?

Factors That Affect Solar Panel Costs

Our solar value calculator evaluates a number of components to find out how a lot going solar will value. We’ve supplied a breakdown for every issue beneath. 

  • Average month-to-month electrical invoice: Your month-to-month electrical invoice helps us estimate the precise system measurement to satisfy your energy wants. It additionally helps us decide your potential long-term financial savings. A solar energy system won’t present enough financial savings when you have low energy utilization or if energy charges are low in your space. Enter an correct common of your energy utilization per 12 months to get one of the best outcomes. 
  • House measurement: Our solar panel calculator evaluates your home measurement to find out what number of solar panels you want. Larger properties will want extra panels for enough power.
  • Location: Location helps us decide the closest solar firms and estimated energy charges in your space. We use your space’s common solar panel value per wattage to estimate your set up prices. These estimates will fluctuate based mostly in your chosen firm, present energy utilization and out there federal and state solar incentives. 
  • Number of flooring: Single-story properties with easy roofs have essentially the most easy installations. Multi-story properties require extra panels to satisfy correct energy wants. Multi-story properties may have an effect on roof structure. A fancy structure or insufficient roof house to accommodate solar panels can enhance prices.
  • Roof pitch: Your roof’s pitch, or angle, impacts your solar panels’ effectivity. South-facing panels with a 30- to 45-degree tilt present one of the best outcomes. These positions will fluctuate based mostly in your location and native climate circumstances. You could require extra mounting gear to make sure your solar panels are in one of the best place. Your solar installer will take into account your roof angle when designing your system. 
  • Roof sort: Some roof sorts are higher fitted to solar panel techniques than others. For instance, asphalt shingle roofs require the fewest expensive modifications. Metal roofs with standing seams don’t require set up drilling, decreasing labor prices. Tiled or EPDM (ethylene propylene diene terpolymer) roofs want extra notifications to make them appropriate for solar set up. 
  • Solar battery: You can embody a solar battery in your value estimation. Solar batteries retailer the surplus energy your system generates for later use. They may be battery backups throughout a power outage or offset excessive energy charges throughout peak instances. Solar battery banks can be used at evening or during times of low daylight.
  • Surrounding shade: Shade decreases your solar panels’ effectivity, making it more durable to soak up the mandatory daylight. Roofs with little to no shade are well-suited for solar power techniques. Homes with fixed shade from close by bushes and different tall obstructions aren’t supreme for rooftop solar panels. Some solar firms present floor mount techniques, however they often value extra and take longer to put in.



How Solar Panels Can Save You Money

Despite the cost-saving benefits of solar energy techniques, householders typically hesitate to spend the big sum of money wanted to go solar. Customers wish to make certain that such a big preliminary funding will repay in the long term.

On common, solar panels pay for themselves in six to 10 years. This is named the payback interval. The timeframe will fluctuate relying in your system measurement, present energy utilization and estimated month-to-month financial savings. 

Our solar calculator will present your estimated lifetime financial savings from going solar. This is a 25-year estimate based mostly on the standard lifespan of monocrystalline solar panels, one of the best sort of panels out there. You’ll additionally get estimates on your yearly energy prices with and with out a solar system. 

You can obtain a sooner return on funding (ROI) by utilizing state and federal solar incentives and rebates. These incentives offset the set up prices of your system, resulting in a faster payback interval. You can obtain extra financial savings from net-metering applications, which let you promote the surplus energy you generate again to the power grid. You obtain credit for this energy that may be utilized to your future utility payments or paid again to you on the finish of the calendar 12 months.



Recommended Solar Resources

We’ve supplied the next sources to assist together with your solar energy conversion: 


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