Solar Payback Calculator Excel

Find out how much different sized solar systems can save on your electricity bill your return on investment.

Solar payback calculator excel. See how long it will take for a solar system to pay for itself. For example if you can divide 10 000 by 1 000 you already know how to use the simple payback method to calculate the payback for solar panels. First off input your system size in the project details section of the inputs tab. Solar savings payback calculator.

To figure out payback period without the solar panel cost calculator we first calculate the true cost of installing solar after incentives have been claimed then we compare that against the cost of electricity from the utility company which tells us how long it takes to break even on the system. Learn how to calculate it with microsoft excel. Excel power contact excel power contact. The calculator also allows you to compare a high quality photovoltaic pv system with a lower priced solar system and see the difference in payback time.

The simple payback method calculates the number of years it will take for your solar system to pay for itself. The results are presented graphically divided into four sub categories. The simplest way to calculate solar payback is to use the simple payback method. Solar savings payback calculator.

The solar panel payback period is a calculation that estimates how long it will take for you to break even on your solar energy investment. Input the revenue on that is assumed on the inputs tab of the project finance model for solar. Ask for a quote. Rec solar s proposals go beyond simple payback formulas and include inflation depreciation etc plus other costs specific to a solar installation.

If you haven t yet received solar panel quotes you can start the process by using our solar panel calculator and learning about offers from solar providers in your area. Here are a few steps to use the solar roi and payback calculator in excel. Name email phone message don t fill this field. The payback period is the amount of time needed to recover the initial outlay for an investment.

Increased utility electricity rates and lower equipment costs are making it easier and less expensive to for homeowners to own rather than lease their solar panel systems. Results effect of leverage effect of irradiation and panel price effect of inflation. Pvcalc allows you to calculate the roi of pv solar energy projects viewed as financial investments.