Cost & Savings Breakdown
Based on $150/month electric bill in Meridian
System Size
9.7 kW
Annual Production
13,645 kWh
Gross System Cost
$28,232
Federal Tax Credit (30%)
-$8,470
State Incentive
-$2,000
Net Cost
$17,762
Monthly Savings
$122
CO₂ Offset/yr
12,553 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityIdaho Power
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit100% of consumption
Electricity Rate$0.107/kWh
Peak Sun Hours4.8 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$2,000
Idaho State Incentive — Idaho offers a 40% deduction on solar installation costs over 4 years.
Common Questions
How much does solar cost in Meridian?
Solar in Meridian, Idaho costs approximately $28,232 for a 9.7 kW system. After the 30% federal tax credit, your net cost is about $17,762.
What is the solar payback period in Meridian?
The estimated payback period for solar in Meridian is 12.2 years, based on a $150/month electric bill and local sun hours of 4.8 hrs/day.
Does Idaho Power offer net metering?
Idaho Power offers Full Retail net metering. Full retail rate.