Calculate Roi On Solar Panels

An average solar panel system though provides an average return of twenty eight percent.

Calculate roi on solar panels.

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 ll measure roi over the panel s lifetime. As the industry standard performance guarantee is 25 years that s the timeframe we ll use. Solar energy will always be location dependent.

Lifetime cost of electricity from utility lifetime cost of solar solar roi. Incentives rebates federal tax credit applies to all above line items. For example if your installed solar panel costs were 15 000 and your yearly benefit was 3 000 your payback period would be 5 years. Calculate your solar panel payback period and return on investment roi.

This might seem obvious but calculating the roi of solar panels isn t always as simple as it seems. Solar payback period initial net investment yearly benefit. The key results can be found on the first tab results. Subtract the value of up front incentives and rebates from the gross cost of your solar panel system.

Solar roi based on 3kw system in san jose ca with a 265 monthly electricity bill. Every person s situation is slightly different and predicting the 10 year benefit of your roof s solar panels can be quite difficult without any guidance. Here is a great return on investment comparison from sunpower. And that s only after 3 5 years.

Thanks to a variety of structures you can participate in solar energy without having it on your roof. After entering the installation data press calculate. 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. Solar return on investment calculator.

So for solar panels then how do we define roi. Solar income roi calculator. We ve designed our solar roi calculator to be simple to use with accurate answers so you know exactly what you re in for. Sum up your annual financial benefits including avoided electricity costs and any.

At its simplest here s how to calculate your return on investment into solar. An easy way to determine your payback. The results are presented graphically divided into four sub categories. In short roi 100 energy savings in 25 years cost of solar panels cost of solar panels.

Take the following steps to calculate your payback period. Return on investment calculator.