Cost & Savings Breakdown
Based on $150/month electric bill in Kenai
System Size
6.3 kW
Annual Production
6,109 kWh
Gross System Cost
$24,090
Federal Tax Credit (30%)
-$7,227
State Incentive
-$500
Net Cost
$16,363
Monthly Savings
$122
CO₂ Offset/yr
5,620 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$0.239/kWh
Peak Sun Hours3.3 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 Kenai?
Solar in Kenai, Alaska costs approximately $24,090 for a 6.3 kW system. After the 30% federal tax credit, your net cost is about $16,363.
What is the solar payback period in Kenai?
The estimated payback period for solar in Kenai is 11.2 years, based on a $150/month electric bill and local sun hours of 3.3 hrs/day.
Does Homer Electric offer net metering?
Homer Electric offers Modified Net Metering net metering. Check with your utility for current compensation rates..