Solar Savings Calculator for Erie, PA

Homeowners in Erie pay an average of $142/month for electricity through Penelec (FirstEnergy). With 3.5 peak sun hours per day, solar panels can significantly reduce your energy costs.

$142
Avg Monthly Bill
17.5¢/kWh
Electricity Rate
3.5h/day
Peak Sun Hours
$43,384
Est. 25-Year Savings

Calculate Your Savings in Erie

Adjust Your Details for Erie, PA

$
$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
$1,704
Payback Period
9.4 years
25-Year Savings
$43,384
Return on Investment
272%

* Estimates based on 3.5 peak sun hours/day in Erie, PA, 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 Erie

Utility & Permits

Utility Company
Penelec (FirstEnergy)
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 Erie, PA

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

Pennsylvania SREC Program

SRECs earned for solar electricity generation, tradeable on the market.

$20-40 per SREC

Other Cities in Pennsylvania

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