Solar Savings Calculator for Grand Forks, ND
Homeowners in Grand Forks pay an average of $122/month for electricity through Nodak Electric Cooperative. With 4.1 peak sun hours per day, solar panels can significantly reduce your energy costs.
$122
Avg Monthly Bill
12.5¢/kWh
Electricity Rate
4.1h/day
Peak Sun Hours
$34,745
Est. 25-Year Savings
Calculate Your Savings in Grand Forks
Adjust Your Details for Grand Forks, ND
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
8 kW
Panel Count
20 panels
Total System Cost
$23,200
Federal Tax Credit (30%)
-$6,960
Net Cost
$16,240
Annual Savings
$1,464
Payback Period
11.1 years
25-Year Savings
$34,745
Return on Investment
214%
* Estimates based on 4.1 peak sun hours/day in Grand Forks, ND, system cost of $2.9/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 Grand Forks
Utility & Permits
- Utility Company
- Nodak Electric Cooperative
- Permit Cost
- $225
- Permit Timeline
- 2-3 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 8 kW
- Panel Count
- 20 panels
- Gross Cost
- $23,200
- Net Cost (after credits)
- $16,240
Available Incentives for Grand Forks, ND
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 North Dakota
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