Energy Bill Savings Calculator

Solar Payback & 25-Year Savings Projection

New to this? Plain-English guide

Peak Sun Hours (PSH) — how many hours of full-strength sunshine your location effectively gets per day. Jamaica averages about 5.5. More sun hours means more savings from the same panels.

Installed Cost per Watt — the all-in price of a system (panels, inverter, mounting, labour, permits) divided by its size in watts. A 5,000W system at US$3/W costs about US$15,000 total.

Bill Offset Target — the share of your electricity bill you want solar to cover. 100% means the panels produce as much energy as you use in a year.

Utility Rate Escalation — how much electricity prices rise per year. Caribbean rates have historically climbed a few percent yearly, which makes solar savings grow over time.

Your Bill
System Assumptions
Method: bill ÷ rate = monthly kWh; system kW = offset kWh ÷ (30 × sun hours × 0.80 derate). Year-by-year savings use escalating rates and 0.5%/yr panel degradation.

Results

Recommended System Size
Estimated System Cost
First-Year Monthly Savings
Payback Period
Lifetime Net Savings
Return on Investment
Monthly Energy Use