Solar Savings Calculator for Montpelier, VT

Homeowners in Montpelier pay an average of $138/month for electricity through Green Mountain Power. With 3.7 peak sun hours per day, solar panels can significantly reduce your energy costs.

$138
Avg Monthly Bill
22¢/kWh
Electricity Rate
3.7h/day
Peak Sun Hours
$46,108
Est. 25-Year Savings

Calculate Your Savings in Montpelier

Adjust Your Details for Montpelier, VT

$
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Your Estimated Solar Savings

System Size
5.6 kW
Panel Count
14 panels
Total System Cost
$16,520
Federal Tax Credit (30%)
-$4,956
Net Cost
$11,564
Annual Savings
$1,656
Payback Period
7 years
25-Year Savings
$46,108
Return on Investment
399%

* Estimates based on 3.7 peak sun hours/day in Montpelier, VT, system cost of $2.95/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 Montpelier

Utility & Permits

Utility Company
Green Mountain Power
Permit Cost
$325
Permit Timeline
3-4 weeks
Net Metering
full

System Estimates

Recommended Size
5.6 kW
Panel Count
14 panels
Gross Cost
$16,520
Net Cost (after credits)
$11,564

Available Incentives for Montpelier, VT

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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