Solar LCOE Calculator Tool Page

Conclusion

This tool enables users to compare the 25-year financial impact of installing a solar system versus staying on the grid. By inputting system cost, annual production, and utility rate, users can determine whether solar is more cost-effective based on their energy usage and local electricity prices.

Calculator

Enter the following details to calculate your LCOE and compare it to the utility rate:

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System Cost ($):

Annual Production (kWh):

Utility Rate ($/kWh):

Calculate

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Results

LCOE Calculation:

• LCOE ($/kWh): [Calculated value]
• Utility Rate ($/kWh): [Input value]

Comparison:

• If LCOE < Utility Rate, solar is cheaper.
• If LCOE > Utility Rate, staying on the grid is cheaper.

Total Cost Over 25 Years:

• Solar System: $[System Cost] (one-time investment).
• Grid Electricity: $[Annual Production × Utility Rate × 25] (total cost).

Use this tool to make informed decisions about your energy strategy!