Cost & Savings Breakdown
Based on $150/month electric bill in Homer
System Size
7 kW
Annual Production
6,547 kWh
Gross System Cost
$26,626
Federal Tax Credit (30%)
-$7,988
State Incentive
-$500
Net Cost
$18,138
Monthly Savings
$122
CO₂ Offset/yr
6,023 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityHomer Electric
Net Metering PolicyModified Net Metering
Compensation RateFull retail rate
Capacity LimitCheck with utility
Electricity Rate$0.223/kWh
Peak Sun Hours3.2 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 Homer?
Solar in Homer, Alaska costs approximately $26,626 for a 7 kW system. After the 30% federal tax credit, your net cost is about $18,138.
What is the solar payback period in Homer?
The estimated payback period for solar in Homer is 12.4 years, based on a $150/month electric bill and local sun hours of 3.2 hrs/day.
Does Homer Electric offer net metering?
Homer Electric offers Modified Net Metering net metering. Check with your utility for current compensation rates..