Break Even Point Solar Panels

The break even point when energy output equals manufacturing energy input has fallen from 20 years to just two years.

Break even point solar panels.

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. Then if the solar energy your panels make reduces your electric bill by 1 500 per year your payback period would be eight years assuming electricity rates don t increase. The graph above is a screenshot from the solar nerd calculator. 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.

And when will i break even. Example of the break even graph from the solar nerd calculator. If you plan to sell your house sometime soon the shorter the break even point the better. This is called the break even point.

Interpreting the solar nerd payback graph. Dividing 14 200 by 1 734 gives a. 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. 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.

Solar panels are typically under warranty for 25 years. 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.