Return On Pv Solar Panels

We ll measure roi over the panel s lifetime.

Return on pv solar panels. When you buy or install a solar photovoltaic pv energy system the price you pay is typically based on the total power output of the solar panels in the system expressed in watts or kilowatts. Your return on that investment is directly related to the amount of electricity your solar energy system generates year after year. Solar panel wattage represents a solar panel s theoretical power production under ideal sunlight and temperature conditions. The results are presented graphically divided into four sub categories.

If you re eligible for incentives you can anticipate your system paying for itself within approximately 7 years. For other commercial premises the benefit is in the offset of electricity charges. The return on investment for large solar panels that have the right net metering arrangement in place is pretty quick and a good way to save energy and make money for many businesses. In short roi 100 energy savings in 25 years cost of solar panels cost of solar panels.

An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. After entering the installation data press calculate. The key results can be found on the first tab results. Of course this depends on the size and startup costs of the system you choose which determines energy production and therefore your average annual savings and solar panel roi.

So for solar panels then how do we define roi. Pvcalc allows you to calculate the roi of pv solar energy projects viewed as financial investments. Return on investment for a 4 kw solar panel installation if you have the roof space and finance for a large 4 kw installation then you may benefit from even greater returns. As the industry standard performance guarantee is 25 years that s the timeframe we ll use.

The array will cost around 4 500 7 000 and will produce a feed in tariff return of approximately 79 a year. Though promising expansion. A solar pv system represents a multi decade investment. The electricity generated by your solar panel system allows you to either buy little or no electricity from your utility.