Solar Calculator
Using only your home address and monthly bill, our solar calculator will provide you
with the best solar savings estimation.
System and Savings Details
Number of solar panels
Premium Solar Panels
Recommended system size
Estimated Roof Area
square feet
Est. Federal Tax Incentive
-
Price After Incentives
Monthly Electric Bill Comparison
Solar generation and usage charts
Your current Annual Electric Use
Energy Production from Solar System
Estimated Savings
Average Electric Bill Savings
Estimated 25-Year Electric Bill Savings
Estimated Environmental Impact
Tons
CO² Offset
That's equivalent to planting trees!
Incentives
Frequently Asked Questions
The federal solar investment tax credit (ITC) is a tax credit that can be claimed on federal income taxes to reduce a taxpayer’s liability. In 2022, eligible taxpayers can claim 26% of their solar system purchase and installation costs from their total tax liability for the year of installation. If the 26% credit is higher than a taxpayer’s total tax liability for the year of installation, the difference can be rolled over to subsequent years as long as the tax credit is in effect. Eligibility for the federal solar tax credit is not guaranteed and does not have any value to the taxpayer if they have no tax liability.
If you’re eligible for the federal solar investment tax credit and apply the full value of such savings (equal to approximately 26% of your total loan amount) toward your solar loan within the first 18 months, your monthly payment will remain fixed for the life of the loan.
If you choose not to apply these savings toward your solar loan, your monthly payment will increase in month 19 to reflect the full principal of the loan.
You are still eligible to claim the federal solar investment tax credit assuming other eligibility requirements for the tax credit are met.
In many cases, yes! Incentives vary by location but our solar experts can alert you to any programs that may be available in your area.
Your monthly loan payment amount in months 1-18 is based on the assumption that you are eligible for the full federal solar investment tax credit and apply the full value of the tax credit (equal to approximately 26% of your total loan amount) toward your loan in the first 18 months of payments, resulting in a fixed monthly payment for the remainder of the life of the loan. The costs and savings estimates provided herein are based on this assumption as well.
This means in months 1-18, you can also apply any credit from state and local incentives or any surplus cash you have on hand to further reduce your monthly loan payment. Making such prepayments is optional.
At month 19 your loan will automatically be re-amortized and your monthly loan payment will be adjusted in a manner to fully repay the loan by its maturity date. Your monthly loan payment for the remainder of the loan will be adjusted based on the remaining principal at that time. If you pay more than approximately 26% of your total loan amount, your monthly payments will be adjusted to a lower amount. In order to avoid an increase in your monthly payment, you must make one or more voluntary prepayments equal to approximately 26% of your total loan amount within 18 months following your loan start date.
Please contact your lender to discuss any prepayment or down payment options.
All "cash" purchases must be paid via credit card and include a 2.9% dealer fee. The cash purchase payment schedule is as follows:
- $900 when you sign your contracts
- Of the remaining balance:
- 1/3 is due when all pre-installation permits have been received (not including HOA)
- 1/3 is due when the installation on your roof is complete
- 1/3 is due when your system receives Permission to Operate
Note: There may be additional payments if site improvements are required.
NOTE: The content herein is general in nature and should not be considered legal, tax, or accounting advice. Palmetto does not provide tax, legal, or accounting advice. Please consult your own tax, legal, and accounting advisors regarding your specific situation.
Estimated Environmental Impact
These numbers reflect your estimated 25-year environmental impact based on your current energy usage and selected system size. Calculations are based on the EPA's Emissions & Generation Resource Integrated Database and the Greenhouse Gas Equivalencies Calculator.
Carbon Offset
very kilowatt-hour of electricity you produce with clean, solar energy instead of fossil fuels will prevent pounds of carbon dioxide from reaching our atmosphere. Over 25 years, that adds up!
Trees Planted
While your panels prevent carbon dioxide from being produced, trees absorb the carbon dioxide already present in our atmosphere. This value shows the number of trees that would need to be planted to achieve the same level of carbon offset that you can anticipate, given the system size you select.
Why is it important?
Carbon dioxide is the predominant greenhouse gas and a leading cause of climate change.
As of 2023, residential homes account for approximately 17% of US energy consumption and one million metric tons of carbon emissions per year. You have the power to change that!
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Mapping Roof Specificatons
Collecting electricity data
Assessing energy needs
Selecting system size
Estimating your savings...
Know the complete solar system solution.
Accurate and User-Friendly Solar Calculator
“I recently used the solar calculator on this website, and I was thoroughly impressed with its accuracy and user-friendliness. The calculator took into account various factors such as location, roof orientation, and energy consumption to provide an estimate of the solar system's size and potential savings. The interface was intuitive, and the results were presented in a clear and understandable manner. It helped me make an informed decision about going solar and provided me with valuable insights. I highly recommend using the solar calculator on this website for anyone considering solar energy.“
Informative and Comprehensive Solar Calculator
“The solar calculator on this website exceeded my expectations with its informative and comprehensive approach. It guided me through a series of questions, gathering essential information about my location, roof characteristics, and energy needs. The calculator then generated a detailed report, including the estimated system size, energy production, and potential savings. It even considered factors like local incentives and financing options. I found the calculator to be extremely helpful in understanding the feasibility and benefits of solar energy for my home. It's a valuable tool for anyone exploring solar power solutions.”
Easy-to-Use and Accurate Solar Calculator
“Using the solar calculator on this website was a breeze. The interface was clean, intuitive, and guided me step-by-step through the process. I appreciated how it considered both basic and advanced factors to provide accurate estimates. The calculator accounted for factors such as local weather patterns, shading, and panel efficiency, resulting in a realistic assessment of the solar system's potential. It also allowed me to compare different system sizes and financing options, empowering me to make an informed decision. I highly recommend this solar calculator for its ease of use and accuracy.”