Calculate Electricity Savings Solar Panels

You will receive a feed in tariff for each kilowatt hour you export but it is only roughly 40 of what you pay for electricity.

Calculate electricity savings solar panels.

Ultimately regardless of whether you re looking at finances or carbon emissions a solar panel system will generate big savings for homeowners. The calculator also allows you to compare a high quality photovoltaic pv system with a lower priced solar system and see the difference in payback time. Soon you ll just glance to see how much electricity your solar panels are producing and how much your household is using. After installing solar feel good supporting a sustainable clean environment by comparing your previous year s electric bill with your new solar panel bill for the same month.

You can leave all the other inputs as their default values and hit calculate. See how long it will take for a solar system to pay for itself. At a minimum simply enter your postcode and the solar system size you are considering into the calculator. This tool gives estimates based on information you provide and a number of assumptions to indicate potential benefits.

Energy efficiency helps you save money and protect against rising utility costs however your long term energy efficiency savings depends on a few major factors including your property s current efficiency your electricity rates and the financial incentives available in your area. Solar panels can create big savings. Factor this in mind when using the calculator the higher the percentage of electricity you use during the day the higher your solar savings will be. Solar savings payback calculator.

Our solar savings calculator provides more accurate cost and savings estimates by analyzing your current electricity bills rooftop and solar pricing in your area. Calculating how much money solar panels will save you requires knowledge of your power usage local electricity rates estimated solar production and any federal state and local solar incentives such as the 26 federal solar tax credit that affects the upfront cost of a solar system where you live. As the first data table illustrates 20 year electricity savings from solar can be significant ranging from the low end of 10k to almost 30k. This is to help you decide whether a pv system is for you.

Then enter your typical annual electricity bill a guess is fine.