There's a lot to think about as you consider a residential solar power installation. Read on to explore more of the details. And remember, always consult a local specialist installer for specific details about how to get the best out of your solar installation.
Navigating the financial landscape of residential solar power isn’t easy. There are many factors to consider: projected solar production, future electricity costs, payment options, interest rates, and more. The calculations can become so complex that many people simply give up.
This is a mistake. Residential solar power can make a lot of sense. Beyond the environmental benefits, it can deliver substantial long-term savings and increase your home’s value. Walking away from solar could mean missing out on significant financial returns.
Of course, no one wants to make a major investment hastily. Smart homeowners want the facts — only then can they decide whether solar power is right for their home.
That’s where SunWise comes in. The SunWise Solar Calculator is a free, comprehensive, independent tool that helps you estimate the likely financial benefits of investing in solar power.
Calculate your savings
Electricity costs have increased steadily in the last 25 years, more than doubling since 2000. Price rises have accelerated more recently, with an increase of over 25% between 2020 and 2024 — a compounded annual growth rate of 5.8%.
This trend looks set to continue for years to come, particularly with the increasing demand from AI data centers, electric vehicles, and population growth.
By switching to solar, you could turn these price rises into big savings. Our free online calculator allows you to model the impact of these future price rises, so you can see how much you could save.
Calculate your savingsAverage electricity cost to U.S. residential customers. Sources: U.S. Energy Information Administration and YCharts
The cost of residential solar power has dropped dramatically since 2000. Today's systems are on average 74% cheaper than in those early days — a huge tribute to recent advances in production technology and installation efficiency.
With prices now at an all-time low, there has never been a better time to invest in solar.
Follow the links below for expert advice from a specialist installer.
Quote provided by
We may earn a commission if you purchase through external links on this site. This comes at no extra cost to you. We only recommend services that we believe provide real value to you, the customer.
Average cost of installed residential solar power to U.S. customers, not including government incentives. Source: Lawrence Berkeley National Laboratory Distributed Solar and Storage Data Update
The SunWise solar calculator is a sophisticated tool, designed to give a clear and simple guide to your solar power options.
If you want to learn more about what's going on under the hood, we're happy to share the details with you. The details are a little complex, but we want you to have access to all the facts.
