Solar Savings Calculator for Meridian, ID
Homeowners in Meridian pay an average of $125/month for electricity through Idaho Power. With 5 peak sun hours per day, solar panels can significantly reduce your energy costs.
$125
Avg Monthly Bill
11.5¢/kWh
Electricity Rate
5h/day
Peak Sun Hours
$38,379
Est. 25-Year Savings
Calculate Your Savings in Meridian
Adjust Your Details for Meridian, ID
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
7.2 kW
Panel Count
18 panels
Total System Cost
$19,800
Federal Tax Credit (30%)
-$5,940
Net Cost
$13,860
Annual Savings
$1,500
Payback Period
9.2 years
25-Year Savings
$38,379
Return on Investment
277%
* Estimates based on 5 peak sun hours/day in Meridian, ID, system cost of $2.75/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 Meridian
Utility & Permits
- Utility Company
- Idaho Power
- Permit Cost
- $250
- Permit Timeline
- 2-3 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 7.2 kW
- Panel Count
- 18 panels
- Gross Cost
- $19,800
- Net Cost (after credits)
- $13,860
Available Incentives for Meridian, ID
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 Idaho
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Meridian Solar IncentivesAll available tax credits and rebatesMeridian Cost ComparisonSolar vs. grid costs over 25 yearsMeridian System SizingHow many panels your home needsMeridian Permits & RegulationsLocal permit requirementsIs Solar Worth It in Meridian?Data-driven analysis for your cityMeridian Financing OptionsCompare loans, leases, and PPAs
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