Solar Savings Calculator for Anchorage, AK
Homeowners in Anchorage pay an average of $180/month for electricity through Chugach Electric Association. With 3.2 peak sun hours per day, solar panels can significantly reduce your energy costs.
$180
Avg Monthly Bill
23.5¢/kWh
Electricity Rate
3.2h/day
Peak Sun Hours
$58,704
Est. 25-Year Savings
Calculate Your Savings in Anchorage
Adjust Your Details for Anchorage, AK
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Your Estimated Solar Savings
System Size
8 kW
Panel Count
20 panels
Total System Cost
$23,600
Federal Tax Credit (30%)
-$7,080
Net Cost
$16,520
Annual Savings
$2,160
Payback Period
7.6 years
25-Year Savings
$58,704
Return on Investment
355%
* Estimates based on 3.2 peak sun hours/day in Anchorage, AK, system cost of $2.95/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Anchorage
Utility & Permits
- Utility Company
- Chugach Electric Association
- Permit Cost
- $400
- Permit Timeline
- 3-6 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 8 kW
- Panel Count
- 20 panels
- Gross Cost
- $23,600
- Net Cost (after credits)
- $16,520
Available Incentives for Anchorage, AK
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
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