Calculate Return On Investment Solar Panels

If you are using this to find your return on investment for a straight cash purchase of a solar panel and are eliminating your power consumption you will want to input your current rate of power.

Calculate return on investment solar panels.

At its simplest here s how to calculate your return on investment into solar. Luckily the initial cost of installing a solar roof is dropping continuously. Pvcalc allows you to calculate the roi of pv solar energy projects viewed as financial investments. If this is for net metering purposes you will likely get a net metering contract that will have the rate and amount of production.

Lifetime cost of electricity from utility lifetime cost of solar solar roi. After entering the installation data press calculate. Today some homeowners even argue that installing solar panels on their roof is a long term investment with strong rates of return. The results are presented graphically divided into four sub categories.

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. There are two main reasons why. The key results can be found on the first tab results. Solar payback period initial net investment yearly benefit.

The lifetime cost of solar includes.