Solar panel cost and savings in Homer, Alaska

Homer sits at 59.64°N, 151.55°W in Alaska, United States. A typical residential solar system there is sized at 7.5 kW, laid out as 17 panels of 440 W each, mounted at a 40 degree tilt facing the sun's midday path.

Based on PVGIS solar radiation data for Homer's coordinates, that system produces an estimated 7,895 kWh in its first year. At the local electricity price of $0.18 per kWh (export $0.06 per kWh, daily supply charge $0.55), that generation is worth an estimated $841 a year to a household with typical usage patterns for a 3-person home.

Incentives in Homer

No incentive currently applies to a system installed in Homer.

Cost and payback

A typical system in Homer costs an estimated $16,456 to $26,180 installed. With no incentive currently applying, that is also the net cost, and the system does not pay back within the 20-year projection used here at today's local electricity price.

These figures assume a typical 3-person household with no pool, electric vehicle or electric heating, and installation in 2026. Incentive schemes change, and one may apply here by the time you install. Electricity prices shown here are set at the country level. Incentive amounts, when present, use each scheme's national or regional scope as noted above, except where an incentive's value is itself calculated from Homer's local solar zone; only the production and payback figures are calculated specifically for Homer's coordinates.

Frequently asked questions

Nearby locations

• Kenai
• Seward
• Anchorage
• Kodiak
• Wasilla

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