Solar Panel Calculator
Estimate panels, system size, and savings — no signup required
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How We Calculate Your Estimate
This calculator uses the PVWatts methodology developed by the National Renewable Energy Laboratory (NREL) and electricity rate data from the U.S. Energy Information Administration (EIA).
Step 1: Convert monthly bill to kWh (if needed)
monthlyKwh = monthlyBill ÷ utilityRate
Step 2: Annual consumption
annualKwh = monthlyKwh × 12
Step 3: System size
systemSizeKw = annualKwh ÷ (sunHours × 365 × orientationFactor × shadeFactor × 0.80)
Step 4: Actual production (after rounding up panel count)
annualProduction = panelCount × wattage × sunHours × 365 × orientFactor × shadeFactor × 0.80
Step 5: Financials
annualSavings = annualProduction × utilityRate
paybackYears = (systemKw × 1000 × costPerWatt) ÷ annualSavings
Step 6: CO₂
co2OffsetLbs = annualProduction × 0.827
The 0.80 derate factor accounts for real-world losses including inverter efficiency, wiring resistance, temperature effects, and soiling. This aligns with PVWatts default assumptions.
The 0.827 lbs CO₂/kWh factor is the EPA's national average grid emissions intensity for residential electricity.
Sun hours are NREL annual peak sun hour averages per state. Electricity rates are EIA 2024 residential averages. Cost per watt is sourced from Lawrence Berkeley National Lab's Tracking the Sun dataset.
Frequently Asked Questions
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Disclaimer: This is an estimate for planning purposes only. Actual solar system size, cost, production, and savings depend on site-specific conditions including roof pitch, local shading, utility rate structures, equipment choices, installation costs, and available incentives. This tool does not constitute financial, tax, or engineering advice. Always consult a licensed solar installer and tax professional before making purchasing decisions. Data sources: NREL PVWatts, EIA Residential Energy Survey, EPA eGRID.