Calculate Roi On Solar Panels

Solar roi based on 3kw system in san jose ca with a 265 monthly electricity bill.

Calculate roi on solar panels.

Sum up your annual financial benefits including avoided electricity costs and any. An average solar panel system though provides an average return of twenty eight percent. So for solar panels then how do we define roi. Return on investment calculator.

Solar payback period initial net investment yearly benefit. 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. This might seem obvious but calculating the roi of solar panels isn t always as simple as it seems. Calculate your solar panel payback period and return on investment roi.

We ve designed our solar roi calculator to be simple to use with accurate answers so you know exactly what you re in for. At its simplest here s how to calculate your return on investment into solar. Here is a great return on investment comparison from sunpower. Solar energy will always be location dependent.

We ll measure roi over the panel s lifetime. There are a ton of ways to make money with solar today. The lifetime cost of solar includes. Solar return on investment calculator.

After entering the installation data press calculate. As the industry standard performance guarantee is 25 years that s the timeframe we ll use. The results are presented graphically divided into four sub categories. 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.

Incentives rebates federal tax credit applies to all above line items. An easy way to determine your payback. 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.

Take the following steps to calculate your payback period. Subtract the value of up front incentives and rebates from the gross cost of your solar panel system. 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. Lifetime cost of electricity from utility lifetime cost of solar solar roi.

Pvcalc allows you to calculate the roi of pv solar energy projects viewed as financial investments. Solar income roi calculator.