How This Calculator Works
Energy Savings
Annual energy production is calculated from your system size, state peak sun hours (NREL data), and an 80% system derate factor that accounts for real-world losses from wiring, inverter efficiency, and temperature. Year-over-year savings are adjusted for 0.5% annual panel degradation and 3% annual electricity rate escalation.
Federal ITC (Section 48E)
The Investment Tax Credit is a direct reduction in federal tax owed — not a deduction. The base rate is 30% of gross system cost. Enhanced rates of 40% and 50% are available for projects that qualify for energy community or domestic content adders. The ITC is applied in Year 1.
MACRS Depreciation and the ITC Haircut
Solar equipment is 5-year MACRS property under IRS Publication 946. The IRS requires reducing the depreciable basis by 50% of the ITC claimed (IRC Section 50(c)) — this prevents double-counting the same dollar of cost. With 100% bonus depreciation restored by the One Big Beautiful Bill Act (July 4, 2025), the full adjusted basis can be deducted in Year 1 rather than spread over 6 tax years.
Demand Charge Savings
Commercial utility bills often include a separate demand charge based on your highest rate of power consumption during the billing period, measured in dollars per kW per month. Solar can reduce this charge by lowering your peak grid draw during daylight hours. The calculator estimates annual demand savings as: demand charge rate × billable peak demand × self-consumption rate × 12 months. Demand savings are escalated at the same 3%/yr rate as energy savings. This input is optional — leave it blank if your utility does not bill demand separately.
Payback Periods
Simple payback reflects energy savings only against the net cost after the ITC. Tax-adjusted payback reflects the full benefit — energy savings plus MACRS depreciation tax savings — against the gross system cost. For most commercial installations the tax-adjusted payback is 2 to 5 years shorter than the simple payback.