Cost & Savings Breakdown
Based on $150/month electric bill in Palmer
System Size
7.4 kW
Annual Production
7,087 kWh
Gross System Cost
$27,949
Federal Tax Credit (30%)
-$8,385
State Incentive
-$500
Net Cost
$19,065
Monthly Savings
$122
CO₂ Offset/yr
6,520 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityMatanuska Electric
Net Metering PolicyModified Net Metering
Compensation RateFull retail rate
Capacity LimitCheck with utility
Electricity Rate$0.206/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 Palmer?
Solar in Palmer, Alaska costs approximately $27,949 for a 7.4 kW system. After the 30% federal tax credit, your net cost is about $19,065.
What is the solar payback period in Palmer?
The estimated payback period for solar in Palmer is 13.1 years, based on a $150/month electric bill and local sun hours of 3.3 hrs/day.
Does Matanuska Electric offer net metering?
Matanuska Electric offers Modified Net Metering net metering. Check with your utility for current compensation rates..