Solar Payback Calculator

The typical solar payback period in the u s.

Solar payback calculator. You can calculate the payback period for your home now by using our solar panel payback calculator or you can learn the basics first below if you are unfamiliar with how solar panel payback calculations work. If your cost of installing solar is 20 000 and your system is going to save you 2 500 a year on foregone energy bills your solar panel payback or break even point will be 8 years 20 000 2 500 8. Is just above 8 years. You can either use default technical economic values or insert your own values for most of the calculations.

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. Solar savings payback calculator. The simple payback method calculates the number of years it will take for your solar system to pay for itself. Current average solar panel payback period.

How comparison shopping can improve your solar panel payback period. Comparing quotes from multiple solar installers can actually help you go solar with a shorter payback period than the national average. Learn more about blended battery payback. Our solar payback and roi calculator will help you make conscious decisions about your switch to a more environmentally friendly way to consume power.

Finally on the inputs tab you will see both a pre tax and after tax calculation of the internal rate of return irr on the investment of putting in solar. 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. See how long it will take for a solar system to pay for itself. There are two leading independent solar energy calculators available to us consumers and solar installers who wish to do their own solar calculations.

The latter is sometimes referred to as a solar payback calculator. What is a good solar payback period. 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. It s a fancy way of saying the calculator shows you the solar and battery savings and payback separately instead of blending the payback together.

Defining the payback period for solar panels. The first solar calculator is pv watts from nrel national renewable energy laboratories. The simplest way to calculate solar payback is to use the simple payback method. The calculator lets you add a battery to your solar system and will show you the marginal payback of that energy storage.

The solar payback online calculator provides a simplified way for 5 cities in different regions in each country to assess the economics of heat production with conventional fuels in comparison to solar thermal based heating alternative.