Solar Panel Payback Period
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Average Annual Electricity Consumption (kWh)
11000YearElectricity Rate ($/kWh)
Yearly Savings ($)
Total Savings ($)
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Average Monthly Electricity Consumption (kWh)
91710.154$1,660.12$1,660.12
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Average Daily Electricity Consumption (kWh)
3020.162$1,729.18$3,389.30
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30.170$1,801.00$5,190.30
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Electricity Price ($/kWh)0.15440.178$1,875.67$7,065.97
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Electricity Rate Annual Growth Rate (%)5.0%50.187$1,953.31$9,019.29
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60.197$2,034.03$11,053.32
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Cost/W, Installed ($, pre-tax)3.1970.206$2,117.93$13,171.25
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Cost/W, Installed ($)3.6780.217$2,205.14$15,376.39
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Solar Installation Cost ($, pre-tax)$31,879.5290.228$2,295.78$17,672.17
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Tax Rate (%)15.0%100.239$2,389.96$20,062.13
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Total Solar Installation Cost ($)$36,661.45110.251$2,487.83$22,549.96
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Size of Array (kW)10120.263$2,589.50$25,139.46
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130.277$2,695.13$27,834.59
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PV Potential (Southwestern NS; kWh/kW)1078140.290$2,804.84$30,639.43
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150.305$2,918.79$33,558.22
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Annual Solar Array Output (kWh)10780160.320$3,037.12$36,595.34
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Decrease in Output per year (%)0.80%170.336$3,159.98$39,755.32
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180.353$3,287.54$43,042.86
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190.371$3,419.96$46,462.82
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200.389$3,557.39$50,020.22
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210.409$3,700.03$53,720.24
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220.429$3,848.03$57,568.27
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230.450$4,001.58$61,569.85
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240.473$4,160.86$65,730.71
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250.497$4,326.07$70,056.78
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