| STATE | Average Price (6KW) | Average Rate ($/KWH) | 20 Year Savings |
|---|---|---|---|
| Arizona | $11,214 | 0.1226 | $16,866 |
| California | $13,566 | 0.1877 | $29,424 |
| Colorado | $13,314 | 0.1202 | $14,216 |
| Florida | $10,584 | 0.1247 | $17,976 |
| Maryland | $11,550 | 0.1335 | $19,026 |
2018 Solar panel savings estimates by state
These are typical bill savings from a solar installation, the table offers state-by-state data for 20-year savings estimates with solar.
*System size: 6 kilowatts (the national average)
*Electricity demand: 11,000 kilowatt-hours per year (the national average)
*Utility rate inflation: 2.2%
*Percent needs met by solar panels: 93% (EnergySage marketplace average)
*Electricity rate: State average as of November 2017 (according to EIA)
*Ownership of the solar panels is assumed