Solar Panel Roi

We ll measure roi over the panel s lifetime.

Solar panel roi.

Our solar payback and roi calculator will help you make conscious decisions about your switch to a more environmentally friendly way to consume power. Measuring the roi of installing solar panels in your home doesn t have to be cryptic and confusing. As the industry standard performance guarantee is 25 years that s the timeframe we ll use. In short roi 100 energy savings in 25 years cost of solar panels cost of solar panels.

To calculate the solar panel roi you can expect you need to get a get a customized quote for your specific installation. How to calculate solar payback the average american household pays a monthly electric bill of 118 36. Solar payback period solar panel roi taking all of the above factors into consideration you can get an idea for what your solar payback period might be which is the best way to put a number on your solar panel roi. So for solar panels then how do we define roi.

The key is to see solar as a long term investment and that when it comes to panels inverters batteries and all the other bits and bobs the saying you get what you pay for is bang on. We ve designed our solar roi calculator to be simple to use with accurate answers so you know exactly what you re in for. Free federal tax credit guide. When you go solar the power generated by your solar panels replaces the electricity you buy from the utility company reducing or completely eliminating that bill.

For example installing a 5 kilowatt system could result in lifetime savings of 38 000 in oregon or more than 70 000 in california. Let s take a real life situation and describe the nitty gritty costs and details associated with the return on investment roi. It s actually quite simple. Finally on the inputs tab you will see both a pre tax and after tax calculation of the internal rate of return irr on the investment of putting in solar.