Calculate Roi On Solar Panels

As the industry standard performance guarantee is 25 years that s the timeframe we ll use.

Calculate roi on solar panels.

At its simplest here s how to calculate your return on investment into solar. So for solar panels then how do we define roi. We ll measure roi over the panel s lifetime. Take the following steps to calculate your payback period.

Solar return on investment calculator. Calculate your solar panel payback period and return on investment roi. Solar roi based on 3kw system in san jose ca with a 265 monthly electricity bill. 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.

Lifetime cost of electricity from utility lifetime cost of solar solar 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. Solar payback period initial net investment yearly benefit. The lifetime cost of solar includes.

After entering the installation data press calculate. Solar income roi calculator. This might seem obvious but calculating the roi of solar panels isn t always as simple as it seems. Incentives rebates federal tax credit applies to all above line items.

Solar energy will always be location dependent. Subtract the value of up front incentives and rebates from the gross cost of your solar panel system. Return on investment calculator. 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.

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. An easy way to determine your payback. Thanks to a variety of structures you can participate in solar energy without having it on your roof. And that s only after 3 5 years.

The results are presented graphically divided into four sub categories. There are a ton of ways to make money with solar today. Pvcalc allows you to calculate the roi of pv solar energy projects viewed as financial investments. An average solar panel system though provides an average return of twenty eight percent.

The key results can be found on the first tab results. 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.