HOW MuCH CAN YoU Save By GOING SoLAR?

A State-by-State Comparison

2019 is the last year of the 30% tax rebate from the Feds — it will go down to 26% next year, 22% the year afterwards and disappear completely in 2022.

The most important question everyone wants to know when they think about installing solar panels is, how much will I save on my electric bill? Well, it gets complicated when you consider all of the rebates, tax breaks, performance payments and other factors that offset the cost of installation. Furthermore, you have to take a look at how expensive electricity is in your state. Even though you'll save money in the long run no matter where you are, you will save the most in New Jersey (over $3,000) and the least in North Dakota (less than $700).

2019 is the last year of the 30% tax rebate from the Feds — it will go down to 26% next year, 22% the year afterwards and disappear completely in 2022.

Cost Evaluation Factors

* The average cost in each state is based on the installation of a five kilowatt system after tax credits are applied.

  • Electricity Price — if it is high, solar is attractive; if not, like in a coal state, solar is too pricey
    • National average of 13.6 cents/kWh
    • Louisiana and Washington have the lowest electricity prices in US
  • Net Metering — means you get full-price credit for the energy your panels generate.
  • Solar Rebates — usually from utility, they help to reduce the homeowner's cost of going solar
  • State Tax Credits — credit for going solar
  • Performance Payments — reward homeowners for the electricity their panels produce on an ongoing basis
  • Sales Tax Exemption — sales tax break on solar
  • Property Tax Exemption — solar panels add value so prop tax increases, thus some states have an exemption

Savings By State

  • $$$$$ — Most Savings
  • $$$$
  • $$$
  • $$
  • $ — Least Savings

WeST ReGIoN

MidWeST ReGIoN

Northeast ReGIoN

Southeast ReGIoN

SouthWest ReGIoN