Solar Panel Savings Calculator
Calculate your potential savings with solar panels and find the best local installers
Popular States:
Make an Informed Solar Decision
Switching to solar energy can significantly reduce your electricity bills while helping the environment. Our Solar Panel Savings Calculator lets you quickly estimate how much you could save each year by installing solar panels in your home. By entering your ZIP code, monthly electricity bill, and estimated system size, you'll receive a personalized calculation showing annual savings, return on investment (ROI), and payback period. We use up-to-date data on local electricity rates, sunlight hours, and federal & state incentives, so your estimate reflects your actual location. Whether you're in California, Texas, Florida, or any other US state, our tool helps you make an informed decision and connect with trusted local installers.
Why Use a Solar Savings Calculator?
Understanding your potential return on investment before installing solar panels is essential. Our calculator helps you:
Compare States
Compare savings across different states and utility rates
Factor Incentives
Include federal and local incentives like the 30% Federal Solar Tax Credit
Visualize Benefits
See long-term benefits (5-, 10-, and 20-year savings)
Plan Budget
Plan your budget and reduce uncertainty about payback periods
How the Solar ROI Is Calculated
Our algorithm estimates annual solar energy production based on your system size and local sunlight conditions, then multiplies it by the average electricity price in your area. We subtract available tax credits and state rebates from the installation cost to give you a more realistic payback period. This approach makes it easier to evaluate if solar is the right investment for your home today.
Find Incentives and Savings by State
Incentives for solar panels vary widely across the US. We provide localized calculators and insights for major states like California, Texas, New York, Florida, and Arizona – each with unique electricity prices, solar exposure, and rebate programs. Visit our dedicated state pages to learn more and estimate savings specific to your location.
California
Electricity: $0.25/kWh
Sun Hours: 5.5 hrs/day
Texas
Electricity: $0.14/kWh
Sun Hours: 5 hrs/day
New York
Electricity: $0.22/kWh
Sun Hours: 4.2 hrs/day
Florida
Electricity: $0.16/kWh
Sun Hours: 5.2 hrs/day
Arizona
Electricity: $0.13/kWh
Sun Hours: 6.5 hrs/day
Washington
Electricity: $0.10/kWh
Sun Hours: 3.8 hrs/day
Frequently Asked Questions
How accurate is the Solar Panel Savings Calculator?
Our calculator uses reputable sources such as the US Energy Information Administration (EIA) for electricity prices and the NREL for sunlight data. Results are estimates and can vary depending on your home's exact conditions and energy usage.
Try the calculator →What incentives can I claim in 2025?
Most US homeowners can claim the 30% Federal Solar Tax Credit, and many states offer additional rebates or grants. Check our state pages for local details.
How long does it take to break even with solar?
Typical ROI is between 5 and 8 years, depending on electricity costs, system size, and available incentives.
Calculate your payback period →Do I need to enter personal data to use the calculator?
No. You only need your ZIP code, monthly electricity bill, and system size to get an estimate.
Get your free estimate →Ready to Calculate Your Solar Savings?
Get your personalized solar savings estimate in just a few clicks
Calculate Now