Solar Roof Payback Calculator

How comparison shopping can improve your solar panel payback period.

Solar roof payback calculator.

How is the solar panel payback period calculated. 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. As of june 2020 the average residential solar panel payback period in the us is 7 6 years based on the last 50 000 homes that have used our state of the art solar panel estimator to generate a solar cost and savings estimate for their home. Solar roof is comparable in price to a typical roof with solar panels.

See how long it will take for a solar system to pay for itself. That s why the calculator asks for the battery cost separately. There are a ton of ways to make money with solar today. Solar rooftop calculator average solar irradiation in state is w sq m 1kwp solar rooftop plant will generate on an average over the year kwh of electricity per day considering 5 5 sunshine hours.

Before you start you will need. Accurate solar power system quotes. Is just above 8 years. An easy way to determine your payback.

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. 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. 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. The pitch and orientation of your roof assuming panels are mounted flat on a roof else the array tilt and facing direction.

This payback calculator will help you understand the factors involved in purchasing a solar panels pv power system. The default values are the estimated cost of the battery installation in australia. Data from the energysage solar marketplace shows that in 2020 solar shoppers who compare their options in the marketplace can achieve payback on their solar investment in about 8 years. Purchase solar roof at one of the lowest cost per watt of any national provider and take control of your monthly electricity bill.

Solar energy will always be location dependent. Learn more about blended battery payback. Thanks to a variety of structures you can participate in solar energy without having it on your roof. The typical solar payback period in the u s.

Solar roof is comparable in price to a typical roof with solar panels.