Solar Panel Payback Period Calculator India

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.

Solar panel payback period calculator india.

The following is the step by step procedure which tells on how to determine the payback period and the feasibility of the solar roof. Comparing quotes from multiple solar installers can actually help you go solar with a shorter payback period than the national average. Solar savings payback calculator. Payback period is the time taken for a project to pay for itself i e.

How is the solar panel payback period calculated. The typical solar payback period in the u s. For loan period of years is rs. Time taken to recover the cash outflow it is the amount of time taken for savings made from the installed solar system to equal the amount of money invested into the project.

Average solar irradiation in state is w sq m 1kwp solar rooftop plant will generate on an average over the year kwh of electricity per day. The last remaining steps to calculate the payback period of a potential solar rooftop installation are now just simple arithmetic. See how long it will take for a solar system to pay for itself. Data from the energysage solar marketplace shows that in 2020 solar shoppers who compare their options in the marketplace can achieve payback on their solar investment in about 8 years.

Payback net investment net earning or cash flow net investment cost incurred to set up the entire solar project net earning or cash flow amount of energy generated annually x tariff rate roughly 450 kwp will cost you around inr 2 70 cr. The calculator also allows you to compare a high quality photovoltaic pv system with a lower priced solar system and see the difference in payback time. The simplest way to calculate solar payback is to use the simple payback method. Is just above 8 years.

As mentioned earlier consumers might find all the parameters for judgment confusing. But one the simplest ones is the payback period. How comparison shopping can improve your solar panel payback period. Remember that payback period is simply how long it will take for the energy savings derived from your solar panels to equal the cost you had to pay for the cost you incurred to install them.

The average cost of 1 kw solar roof here we are assuming that you have installed 1 kw system at your roof top which costs you in between inr 83 000 to inr 91 000. The simple payback method calculates the number of years it will take for your solar system to pay for itself.