Solar Savings Calculator for Philadelphia, PA

Homeowners in Philadelphia pay an average of $158/month for electricity through PECO Energy. With 4.1 peak sun hours per day, solar panels can significantly reduce your energy costs.

$158
Avg Monthly Bill
18.5¢/kWh
Electricity Rate
4.1h/day
Peak Sun Hours
$51,666
Est. 25-Year Savings

Calculate Your Savings in Philadelphia

Adjust Your Details for Philadelphia, PA

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
7.2 kW
Panel Count
18 panels
Total System Cost
$20,520
Federal Tax Credit (30%)
-$6,156
Net Cost
$14,364
Annual Savings
$1,896
Payback Period
7.6 years
25-Year Savings
$51,666
Return on Investment
360%

* Estimates based on 4.1 peak sun hours/day in Philadelphia, 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 Philadelphia

Utility & Permits

Utility Company
PECO Energy
Permit Cost
$500
Permit Timeline
4-8 weeks
Net Metering
full

System Estimates

Recommended Size
7.2 kW
Panel Count
18 panels
Gross Cost
$20,520
Net Cost (after credits)
$14,364

Available Incentives for Philadelphia, 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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