Solar Savings Calculator for Fairbanks, AK
Homeowners in Fairbanks pay an average of $190/month for electricity through Golden Valley Electric Association. With 2.8 peak sun hours per day, solar panels can significantly reduce your energy costs.
$190
Avg Monthly Bill
25¢/kWh
Electricity Rate
2.8h/day
Peak Sun Hours
$60,405
Est. 25-Year Savings
Calculate Your Savings in Fairbanks
Adjust Your Details for Fairbanks, AK
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
9.2 kW
Panel Count
23 panels
Total System Cost
$27,140
Federal Tax Credit (30%)
-$8,142
Net Cost
$18,998
Annual Savings
$2,280
Payback Period
8.3 years
25-Year Savings
$60,405
Return on Investment
318%
* Estimates based on 2.8 peak sun hours/day in Fairbanks, 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 Fairbanks
Utility & Permits
- Utility Company
- Golden Valley Electric Association
- Permit Cost
- $350
- Permit Timeline
- 3-5 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 9.2 kW
- Panel Count
- 23 panels
- Gross Cost
- $27,140
- Net Cost (after credits)
- $18,998
Available Incentives for Fairbanks, 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.
Other Cities in Alaska
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