Calculate Roi Solar Panels

Return on investment calculator.

Calculate roi solar panels.

Take the following steps to calculate your payback period. To calculate the solar panel roi you can expect you need to get a get a customized quote for your specific installation. A typical 5 kw solar pv system can easily see an roi of 20 in the first year. 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.

Regardless of individual circumstances however the savings are significant. We ve designed our solar roi calculator to be simple to use with accurate answers so you know exactly what you re in for. There are a ton of ways to make money with solar today. Incentives rebates federal tax credit applies to all above line items.

This might seem obvious but calculating the roi of solar panels isn t always as simple as it seems. Solar energy will always be location dependent. 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. At its simplest here s how to calculate your return on investment into solar.

The key results can be found on the first tab results. As the industry standard performance guarantee is 25 years that s the timeframe we ll use. For example installing a 5 kilowatt system could result in lifetime savings of 38 000 in oregon or more than 70 000 in california. So for solar panels then how do we define roi.

Depending on the size of your solar energy system these can represent a significant monetary benefit. Solar payback period initial net investment yearly benefit. The lifetime cost of solar includes. In short roi 100 energy savings in 25 years cost of solar panels cost of solar panels.

Solar return on investment calculator. Pvcalc allows you to calculate the roi of pv solar energy projects viewed as financial investments. Calculate your solar panel payback period and return on investment roi. We ll measure roi over the panel s lifetime.

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. Thanks to a variety of structures you can participate in solar energy without having it on your roof. Lifetime cost of electricity from utility lifetime cost of solar solar roi. Subtract the value of up front incentives and rebates from the gross cost of your solar panel system.

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.