How Icon Power Calculator Works
A solar panel cost calculator is a great tool that can help users understand the different factors that contribute to the cost of solar energy adoption and get an estimate of the solar panel installation costs. Checking a solar installation cost estimator before deciding to go solar is a great way to ensure cost-effectiveness, budget alignment, and environmental impact of the solar panel system.
With Icon Power’s solar cost calculator, there is no need to navigate through different tabs to get all the information. You can get everything from approximate lifetime savings and increase in home value to recommended system size and estimated environmental impact in a single calculator.
How to Use the Icon Power Solar Cost Estimation Calculator?
You can use the Icon Power solar cost calculator to quickly estimate the initial investment you will need and the incentives and savings you can get by adopting solar energy. We analyze various factors such as your location, sun exposure and shade level, and average electricity bill to share the estimate for your property.
How Does the Icon Power Solar Calculator Work?
Getting a solar panel estimate with Icon Power’s free solar calculator is a simple 5-step process, where you enter your details and get a personalized cost and savings estimate for a solar panel system.
Step 1: Enter your address
Enter your address to begin the estimation process. This information helps us ensure accurate calculations for your location, taking into account available incentives and average sun exposure in your area.
Step 2: Enter your average electric bill payment
The next step is to add your average monthly electric bill. We use this information to assess your average energy use and tailor solar solutions and system size recommendations for you.
Step 3: Explore your potential savings
The next step is to add your average monthly electric bill. We use this information to assess your average energy use and tailor solar solutions and system size recommendations for you.
- Approximate Lifetime Savings: We use your location to get a sense of your utility rate.
- Increase In Home Value: We use your location to get a sense of your utility rate.
- Estimated Environmental Impact: We use your location to get a sense of your utility rate.
- Recommended System Size: We use your location to get a sense of your utility rate.
Step 4: Calculate your lifetime electric bill savings from solar panels
In this step, you can explore the potential lifetime savings (approximately 25 years) on your electricity bills by using solar power based on the potential buyback period and cost savings on monthly electric bills.
Step 5: See the solar panel pricing
In the last step, you can see the pricing details of solar panel installation in your area. This solar cost estimate will take into account the recommended system size for your average electricity use, monthly savings, solar installation costs in your state, the incentives available in your area, estimated 25 year savings, and the percentage of increment in home value.
How to Calculate Your Solar ROI
When you decide to go solar, the power your solar panels generate replaces the electricity you buy from local utility companies, reducing or eliminating your power bill. However, installing solar panels is a big upfront investment.
Our solar payback calculator offers insights into how long it can take you to recover the initial cost of solar system installation. To calculate the buyback period for your system, our handy solar calculator takes into account the total system cost, incentives available in your area, the average cost of electricity in your neighborhood, and your average annual electricity use. You can calculate ROI on solar panels by simply subtracting the lifetime cost of solar (equipment, system design and installation, permitting, and maintenance) from the lifetime cost of electricity from your utility company.
Factors Influencing the Cost of Installing a Solar Power System
The cost of installing a solar panel system varies from one user to another, depending on different factors like location, sun exposure, available incentives, and many more. Here are some key factors that will influence the cost of installing a solar power system on your property:
System size:
⦿ The system size you need – depending on the average electricity use and roof type – will be a major factor in determining the cost of solar panel installation. Larger systems will require more upfront investment but may yield greater savings due to higher energy generation capabilities.
Equipment quality:
⦿ Opting for higher-quality components will increase the cost; however, they also offer better performance in the long run.
Location:
⦿ Depending on your location, the average sunlight you receive will determine the efficiency of the solar panel installation and the cost of running it. Sunnier areas offer higher solar efficiency with lower costs, and vice versa.
Incentives:
⦿ Government incentives – like federal and state tax rebates or sales tax exemption on solar equipment purchase – can significantly lower the upfront cost of solar panel installation.
Additional considerations:
⦿ Apart from these, factors like the roof type and gradient, shading, and local regulations can also influence the cost of solar panel installation, making it crucial to check the solar panel estimate before you decide to adopt solar energy.
Solar System Size Needs
Priced per kilowatt, determining the size of the solar panel system you will need is essential for a successful transition to solar energy – ensuring you can rely on the solar system for your day-to-day needs. It must also align with your budget and achieve the desired environmental impact. A larger system will cost more upfront but will have a greater environmental impact and higher long-term saving potential as it can generate more energy. On the other hand, a smaller system will have lower upfront costs – aligning better with your budget – and will generate less energy, not demonstrating sufficient environmental impact or saving potential.
Our solar roof cost calculator also recommends the solar system size you would need depending on your location and average electricity use. Or you can work with our energy experts to estimate your needs.
How Do I Find the Right Solar Installer?
Working with the right solar installer is crucial for successfully adopting solar energy. When you choose Icon Power, you are also opting for quality equipment, access to federal, state, and local incentives, and cost-saving warranties.
You can start by using our solar panel cost calculator to estimate installation costs and potential savings. Then, you can connect directly with our experienced team to assess your solar needs and get personalized recommendations.