Solar Panel Break Even Calculator

Hopefully your solar quote helps determine whether or not solar energy is a feasible investment for your.

Solar panel break even calculator.

Example of the break even graph from the solar nerd calculator. Given that many solar panels and inverters come with 25 year product warranties you can expect more than two decades of trouble free operation from your solar array. Some solar calculators assume a wattage for panels while others ask you directly. 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.

Roi for installing solar panels and your break even point in a number of years. Solar panels are typically under warranty for 25 years so that s the standard figure used for the lifetime of a system although it s often much longer. 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. Kwh savings refer to the amount of energy that your panels produce.

The graph above is a screenshot from the solar nerd calculator. The solar payback calculator below covers the average break even period which is when your power supply becomes free and the projected savings over 20 years. It is important to understand the difference between kwh savings and dollar savings. For people expecting to own their home for a long time calculating the lifetime savings after the break even point is where the gold is.

Why does solarreviews claim to have the only truly accurate solar panel payback calculator. The break even point is the number of units that you must sell in order to make a profit of zero. Even if electric rates don t go up between now and then. For example if you spend 16 000 on a solar panel system then get a tax break of 4 000 the cost after incentives is 12 000.

Our online tool makes break even analysis simple and easy. Using our tool we factor in. Interpreting the solar nerd payback graph. Solar panel return on investment roi the average solar panel payback period is 7 to 12 years depending on where you live and the cost of electricity.

Improved shade analysis powered by google sunroof data all estimates consider the shading and irradiance levels of every roof plane with the panel placement optimized for the most. 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. If your break even point is reached within 5.