Solar Panel Investment Calculator

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.

Solar panel investment calculator.

To figure out payback period without the solar panel cost calculator we first calculate the true cost of installing solar after incentives have been claimed then we compare that against the cost of electricity from the utility company which tells us how long it takes to break even on the system. With this calculator you can estimate the income cost of a new system and also compare it to an existing older solar system to see if it s worthwhile to upgrade. Return on investment calculator the simple way to work out your return on investment now and well into the future. Factors like electricity rates solar panel system cost and financing method all play into how worth it solar will be for you.

Pvcalc allows you to calculate the roi of pv solar energy projects viewed as financial investments. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Todd built his own 3 kw solar system to power his northern california home where he lives off the grid with his wife and children. Most property owners can break even on their solar investment in 7 to 8 years.

Increased utility electricity rates and lower equipment costs are making it easier and less expensive to for homeowners to own rather than lease their solar panel systems. Results effect of leverage effect of irradiation and panel price effect of inflation. The solar panel payback period is a calculation that estimates how long it will take for you to break even on your solar energy investment. Conclusion on solar payback calculator.

The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. Return on investment calculator. Start comparing solar quotes on the energysage marketplace to see how much you can save. Our solar payback and roi calculator will help you make conscious decisions about your switch to a more environmentally friendly way to consume power.

The results are presented graphically divided into four sub categories. With solar providers promising savings left right and centre it s important to do the numbers upfront but not all roi calculators offer reliable results. Solar income roi calculator. The solar electricity calculator considers an investment in a domestic solar pv system and estimates a the average annual electricity bill savings and b the no.