How do I calculate my solar energy savings?

EcoWatch’s solar calculator is one of the best tools to help you determine your potential solar energy savings for the new year. This calculator not only estimates how much money you can save in your lifetime if you go solar, but it lays out a recommended size of your solar system, financing options and estimated payback period.

What is a solar panel calculator?

Whether you want to help our planet or just save some money, the solar panel calculator might be just the tool you want to use. It's created to help you find the perfect solar panel size for your house depending on how much of your electric bill you'd like to offset.

How to calculate solar panel output?

To find the solar panel output, use the following solar power formula: output = solar panel kilowatts × environmental factor × solar hours per day. The output will be given in kWh, and, in practice, it will depend on how sunny it is since the number of solar hours per day is just an average. How to calculate the solar panels needs for camping?

How much does a solar panel cost?

The Solar Panel Installation Costs range approximately from $0.75 to $1.25 per watt. With the help of a solar panel cost calculator, you can easily figure out the total cost that you will have to pay as a lump sum amount. How To Figure Out Your Average Sun Hours Per Day? All the parts of a country receive different amounts of sunlight in a day.

How much money can you save with solar panels?

However, these four steps reflect in simple terms how to approach the costs and savings associated with going solar. Over the 25 years your panels are expected to continue to produce sufficient energy, that’s an average of $40,725 in electric bill savings just by converting to solar. How Many Solar Panels Do I Need?

How much does solar energy cost per year?

Let’s determine how much by doing the same calculation we used to find out how much electricity you consume in a year: 572 kWh (leftover energy) X $0.1629 (cost per kWh) = $93 per year Step 4: With the help of solar energy, you’ll only pay $93 per year on energy, or about $7.75 per month.