Over the last 5 years, solar prices have fallen significantly due to market competition and technological advancements. The average price for a residential solar system in the US is now only $3.20 per Watt. This makes a typical 6kw system $19,200 before solar incentives but assuming you're eligible for the 30% federal solar tax credit, the final cost of a 6kW system would be $13,440.
How much will I save from installing a solar system?
Since most states offer a program called net metering you can usually eliminate between 75%-100% of your monthly electric bill. Each state and utility offer slightly different programs, for a free estimate on your solar savings with local incentives enter your zip code below.
What is net metering?
When your solar system produces too much energy for your home the excess is exported to the grid. Net metering requires your utility to compensate you at the retail power rate for each kWh your solar system sends them.
At times your solar system cannot service your homes electric demand energy will be drawn from the grid as normal. Your excess solar generation will offset this cost on a 1 for 1 basis.
Net metering works slightly different in each state, for example, California just transitioned to their new NEM 2.0 program. For a detailed guide of solar incentives by state enter your zip code below.
What if my solar system exports more energy than my home consumes?
In most states, if your solar system exports more than enough energy to pay off your home's consumption the credit will simply roll over to the next month still at full retail value. Where most states differ is compensating credit remaining at the end of the yearly billing cycle. In some states, you will be paid directly at a certain rate per kWh and in others, your credit will expire without compensation.
For greater detail on how net metering works in your area visit our incentives page.
Are there any rebates or tax credits available for installing solar?
Assuming you pay federal taxes, anyone in America can receive a tax credit for 30% of the price of their solar system. Many states also offer their own tax credits and some utilities also provide rebate programs. If you enter your zip code into the solar-estimate calculator you will receive a free estimate on the cost of solar in your area alongside any applicable rebates and tax credits.
Where can I find my energy usage data?
Your utility is required to send it to you by law. You can also set up an online account with many larger utilities and download your usage data through their website. However, if you don't want to do this, then the cutmybill.com website can provide it for you based on nothing more than your utility and monthly bill. cutmybill.com will also show you the cheapest rate plan for your usage pattern and also compare savings from installing solar panels.