Solar Savings Calculator
Calculate how much money you save on electricity bills with solar panels each month and year.
How It Works
Enter your solar system's monthly generation and your electricity rate. The calculator shows monthly savings, annual savings, and what percentage of your bill the solar covers.
Formula
Monthly Savings = Solar kWh Generated x Electricity Rate
Frequently Asked Questions
Does net metering affect savings?
Yes. With net metering, excess solar sent to the grid credits your bill at the retail rate, maximizing savings. Without net metering, excess is sold at a lower wholesale rate.
How much do solar panels save on average?
Average US homeowners save $1,000-$1,500 per year with solar. This varies widely by system size, electricity rates, sun hours, and local incentives.