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.
Solar panel break even calculator.
It is important to understand the difference between kwh savings and dollar savings.
For example if you spend 16 000 on a solar panel system then get a tax break of 4 000 the cost after incentives is 12 000.
Given that many solar panels and inverters come with 25 year product warranties you can expect more than two decades of trouble free operation from your solar array.
Some solar calculators assume a wattage for panels while others ask you directly.
Solar panel return on investment roi the average solar panel payback period is 7 to 12 years depending on where you live and the cost of electricity.
The break even point is the number of units that you must sell in order to make a profit of zero.
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.
The graph above is a screenshot from the solar nerd calculator.
Based on the total kilowatts and the rated watts per panel the calculator can determine how many are needed.
The free solar panel cost calculator will tell you the daily generation in kwh your daily savings as well as your kwh use and generation per month.
Hopefully your solar quote helps determine whether or not solar energy is a feasible investment for your.
Example of the break even graph from the solar nerd calculator.
Solar panels are typically under warranty for 25 years so that s the standard figure used for the lifetime of a system although it s often much longer.
If your break even point is reached within 5.
Improved shade analysis powered by google sunroof data all estimates consider the shading and irradiance levels of every roof plane with the panel placement optimized for the most.
Even if electric rates don t go up between now and then.
Interpreting the solar nerd payback graph.
Roi for installing solar panels and your break even point in a number of years.
The solar payback calculator below covers the average break even period which is when your power supply becomes free and the projected savings over 20 years.
Our online tool makes break even analysis simple and easy.
Kwh savings refer to the amount of energy that your panels produce.
You can use this calculator to determine the number of units required to break even.
Using our tool we factor in.
