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
$
$50$1,000
50010,000
5¢50¢
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.
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