Solar Savings Calculator for Reading, PA

Homeowners in Reading pay an average of $148/month for electricity through Met-Ed (FirstEnergy). With 4.1 peak sun hours per day, solar panels can significantly reduce your energy costs.

$148
Avg Monthly Bill
18¢/kWh
Electricity Rate
4.1h/day
Peak Sun Hours
$48,285
Est. 25-Year Savings

Calculate Your Savings in Reading

Adjust Your Details for Reading, PA

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Your Estimated Solar Savings

System Size
6.8 kW
Panel Count
17 panels
Total System Cost
$19,380
Federal Tax Credit (30%)
-$5,814
Net Cost
$13,566
Annual Savings
$1,776
Payback Period
7.6 years
25-Year Savings
$48,285
Return on Investment
356%

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

Utility & Permits

Utility Company
Met-Ed (FirstEnergy)
Permit Cost
$375
Permit Timeline
3-5 weeks
Net Metering
full

System Estimates

Recommended Size
6.8 kW
Panel Count
17 panels
Gross Cost
$19,380
Net Cost (after credits)
$13,566

Available Incentives for Reading, 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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