It is important to understand the difference between kwh savings and dollar savings.
Solar panel break even 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.
Using our tool we factor in.
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 graph above is a screenshot from the solar nerd calculator.
The free solar panel cost calculator will tell you the daily generation in kwh your daily savings as well as your kwh use and generation per month.
Why does solarreviews claim to have the only truly accurate solar panel payback calculator.
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.
Interpreting the solar nerd payback graph.
Roi for installing solar panels and your break even point in a number of years.
Example of the break even graph from the solar nerd calculator.
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.
Kwh savings refer to the amount of energy that your panels produce.
Hopefully your solar quote helps determine whether or not solar energy is a feasible investment for your.
Improved shade analysis powered by google sunroof data all estimates consider the shading and irradiance levels of every roof plane with the panel placement optimized for the most.
Some solar calculators assume a wattage for panels while others ask you directly.
Solar panels are typically under warranty for 25 years so that s the standard figure used for the lifetime of a system although it s often much longer.
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.
Solar panel return on investment roi the average solar panel payback period is 7 to 12 years depending on where you live and the cost of electricity.
Based on the total kilowatts and the rated watts per panel the calculator can determine how many are needed.
The break even point is the number of units that you must sell in order to make a profit of zero.
Even if electric rates don t go up between now and then.
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.
You can use this calculator to determine the number of units required to break even.
