Break Even Point On Solar Panels

If you plan to sell your house sometime soon the shorter the break even point the better.

Break even point on solar panels.

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. 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. If you buy a system depending on the incentives available to you break even point should be around eight years or less. The answer to this question varies.

On average homeowners in the u s. Most homeowners considering solar energy want to know when their investment will have paid for itself in energy savings. Solar panels are typically under warranty for 25 years. The graph above is a screenshot from the solar nerd calculator.

Each time the world s solar capacity doubled the energy required to make a pv module fell by about 12 the economist said while carbon dioxide emissions associated with the process dropped by 17 24. Example of the break even graph from the solar nerd calculator. This is called the break even point. 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.

Interpreting the solar nerd payback graph. 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. Break even in 8 years. It depends on how much power your system generates and how much energy you use.

And when will i break even.