Generate solar power in the Philadelphia and South Jersey area

Providing Solar Power to the Philadelphia and South Jersey Area
 

See how much money you can save on your electic bill by choosing a solar power system from BP Solar and The Home Depot

Solar Power Savings Calculator

To get an idea of how much you will save by "going solar", get your electric bill and try using our Solar Savings Calculator. The goal is to build a system that offsets your current electric use by 100%.

 Annual Kilo-Watt Hours (KWh):
 Cents per KWh: ¢
 Annual Rate Increase (%): %
 Financing Interest Rate (%): %

 Number of Panels Needed:
 Square Footage Needed:
 System Price: $
 PA Rebate: $
 IRS Rebate: $
 Net Cost (Amount Needed to Finance): $  
 Monthly Payment: $
 Monthly REC Payment 1: $
 Avg. Monthly Electric Savings: $
 Net Monthly Payment: $
 Annual Savings in First Year: $
 15 Year System Savings 2: $
 Increased Home Equity 3: $
 Total Net Worth Increase 4: $
 Average Annual Return on Borrowed Equity: %

  1. This is the monthly Renewable Energy Credit that you get from the state. Numbers are based on PA's rebate. NJ's rebate is higher. Contact your rep for details.

  2. Based on the annual rate increase that you specify.

  3. According to Wells Fargo, the increase in the value of your home is based on the annual electric savings times 20. Thus, this example system, producing 8,424 KWh of electricity at 18 cents per KWh, would increase the value of your home by $30,326! As an added benefit, the state will NOT allow the increased value of your home to be included in any assessment, meaning your property taxes will not go up as a result of this home improvement!

  4. This is the sum of the 15 year savings and your home's increased value.
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