Solar Savings Calculator for Salem, OR

Homeowners in Salem pay an average of $122/month for electricity through Portland General Electric (PGE). With 3.8 peak sun hours per day, solar panels can significantly reduce your energy costs.

$122
Avg Monthly Bill
13.5¢/kWh
Electricity Rate
3.8h/day
Peak Sun Hours
$35,025
Est. 25-Year Savings

Calculate Your Savings in Salem

Adjust Your Details for Salem, OR

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
8 kW
Panel Count
20 panels
Total System Cost
$22,800
Federal Tax Credit (30%)
-$6,840
Net Cost
$15,960
Annual Savings
$1,464
Payback Period
10.9 years
25-Year Savings
$35,025
Return on Investment
219%

* Estimates based on 3.8 peak sun hours/day in Salem, OR, system cost of $2.85/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 Salem

Utility & Permits

Utility Company
Portland General Electric (PGE)
Permit Cost
$350
Permit Timeline
2-4 weeks
Net Metering
full

System Estimates

Recommended Size
8 kW
Panel Count
20 panels
Gross Cost
$22,800
Net Cost (after credits)
$15,960

Available Incentives for Salem, OR

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.

30% of system cost

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