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Yellowlite's Solar Cost Calculator Helps You Determine Your Solar Costs
The initial cost of installing a solar energy system may seem high, but there are rebates and tax credits to help offset this expense. Additionally, more financing options make the cost of a solar array much more manageable.
The total savings on solar arrays will vary based on your location, average energy consumption, and electricity costs. With constantly rising energy costs, making the switch to renewable energy is a lucrative offer.
Most homeowners receive the entire solar investment back within 8-10 years—a fraction of many mortgages. Businesses see full payback in 5-7 years. Once the system pays for itself, you’ll be seeing money in your pockets year after year.
Every person’s energy needs are different, which means that investment, savings, and payoff are all unique to the customer. Thankfully, the solar panels’ cost has dropped by 20% over the past 5 years. So while we can’t give a one-size-fits-all answer, we can help you figure out how much you can save based on your energy consumption needs. It’s helpful to know a bit about each type of residential solar system available before you get started so that you can make a conscious decision about which is best for you and your unique energy situation.
Use our Solar Calculator to start planning your solar project or see more about what contributes to your solar panels cost below. By inputting the appliances you use and your average electricity bill, you can get an accurate estimate of the amount you will need for your solar system.Calculate Your Savings Here
This California-based company produces the most efficient, durable, and aesthetic solar panels available. They offer the best warranty in the industry—a 25-year combined power performance and product warranty. Maximize your power and savings potential with SunPower.
SolarWorld produces more American-made panels than any other manufacturer and offers power performance warranties of 25- or 30-years. Its panels perform at or above their nominal power rating even in the harshest of conditions, from heavy snow accumulation to high heat.
Canadian Solar is one of the most established manufacturers in its industry. Their CS6P line of solar panels have the highest PVUSA Test Conditions (PTC) performance in their class. Due to competitive prices, this brand offers the fastest ROI at the lowest monthly payment.
If you are uncertain about your eligibility for the 30% renewable personal tax credit and how it can positively impact your financial situation, YellowLite strongly advises you to reach out to a local tax professional. It's important to note that the tax credit can be carried over for multiple consecutive years, providing you with the flexibility to utilize the full balance of the tax credit. This provision remains in effect as of the latest update in compliance with the Federal Tax Code (FTC).