Cost & Savings Breakdown
Based on $150/month electric bill in Fairbanks
System Size
7.3 kW
Annual Production
7,411 kWh
Gross System Cost
$27,556
Federal Tax Credit (30%)
-$8,267
State Incentive
-$500
Net Cost
$18,789
Monthly Savings
$122
CO₂ Offset/yr
6,818 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityGolden Valley Electric
Net Metering PolicyModified Net Metering
Compensation RateFull retail rate
Capacity LimitCheck with utility
Electricity Rate$0.197/kWh
Peak Sun Hours3.5 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$500
Alaska State Incentive — Alaska provides a rebate of up to $500 for solar installations.
Common Questions
How much does solar cost in Fairbanks?
Solar in Fairbanks, Alaska costs approximately $27,556 for a 7.3 kW system. After the 30% federal tax credit, your net cost is about $18,789.
What is the solar payback period in Fairbanks?
The estimated payback period for solar in Fairbanks is 12.9 years, based on a $150/month electric bill and local sun hours of 3.5 hrs/day.
Does Golden Valley Electric offer net metering?
Golden Valley Electric offers Modified Net Metering net metering. Check with your utility for current compensation rates..