Calculate Roi Solar Panels

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

Calculate roi solar panels.

For example installing a 5 kilowatt system could result in lifetime savings of 38 000 in oregon or more than 70 000 in california. Return on investment calculator. There are a ton of ways to make money with solar today. Solar energy will always be location dependent.

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. Depending on the size of your solar energy system these can represent a significant monetary benefit. Subtract the value of up front incentives and rebates from the gross cost of your solar panel system. So for solar panels then how do we define roi.

After entering the installation data press calculate. We ll measure roi over the panel s lifetime. Solar income roi calculator. Incentives rebates federal tax credit applies to all above line items.

Regardless of individual circumstances however the savings are significant. At its simplest here s how to calculate your return on investment into solar. 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 payback period initial net investment yearly benefit. Thanks to a variety of structures you can participate in solar energy without having it on your roof. 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. The results are presented graphically divided into four sub categories.

Take the following steps to calculate your payback period. 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 return on investment calculator. A typical 5 kw solar pv system can easily see an roi of 20 in the first year.

The key results can be found on the first tab results. 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. The lifetime cost of solar includes. An easy way to determine your payback.

To calculate the solar panel roi you can expect you need to get a get a customized quote for your specific installation. Calculate your solar panel payback period and return on investment roi.