Calculate Return On Investment Solar Panels

Lifetime cost of electricity from utility lifetime cost of solar solar roi.

Calculate return on investment solar panels.

Pvcalc allows you to calculate the roi of pv solar energy projects viewed as financial investments. Luckily the initial cost of installing a solar roof is dropping continuously. After entering the installation data press calculate. At its simplest here s how to calculate your return on investment into solar.

If this is for net metering purposes you will likely get a net metering contract that will have the rate and amount of production. The lifetime cost of solar includes. The key results can be found on the first tab results. In short roi 100 energy savings in 25 years cost of solar panels cost of solar panels.

Incentives rebates federal tax credit applies to all above line items. 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. Solar payback period initial net investment yearly benefit. Calculate your solar panel payback period and return on investment roi.

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.