Calculate Roi On Solar Panels

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

Calculate roi on solar panels.

The results are presented graphically divided into four sub categories. The key results can be found on the first tab results. Thanks to a variety of structures you can participate in solar energy without having it on your roof. An easy way to determine your payback.

There are a ton of ways to make money with solar today. This might seem obvious but calculating the roi of solar panels isn t always as simple as it seems. 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. Here is a great return on investment comparison from sunpower.

At its simplest here s how to calculate your return on investment into solar. Sum up your annual financial benefits including avoided electricity costs and any. So for solar panels then how do we define roi. And that s only after 3 5 years.

Take the following steps to calculate your payback period. Lifetime cost of electricity from utility lifetime cost of solar solar roi. In short roi 100 energy savings in 25 years cost of solar panels cost of solar panels. Solar roi based on 3kw system in san jose ca with a 265 monthly electricity bill.

After entering the installation data press calculate. 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. Subtract the value of up front incentives and rebates from the gross cost of your solar panel system. Calculate your solar panel payback period and return on investment roi.

An average solar panel system though provides an average return of twenty eight percent. We ve designed our solar roi calculator to be simple to use with accurate answers so you know exactly what you re in for. 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. Solar energy will always be location dependent.

Solar payback period initial net investment yearly benefit. The lifetime cost of solar includes. Return on investment calculator. Solar income roi calculator.

Incentives rebates federal tax credit applies to all above line items. As the industry standard performance guarantee is 25 years that s the timeframe we ll use.