Break Even Point On Solar Panels

Solar panels are typically under warranty for 25 years.

Break even point on solar panels.

The cost of solar panels. If you buy a system depending on the incentives available to you break even point should be around eight years or less. Most homeowners considering solar energy want to know when their investment will have paid for itself in energy savings. The answer to this question varies.

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

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. The graph above is a screenshot from the solar nerd calculator. Break even in 8 years. Interpreting the solar nerd payback graph.

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. And when will i break even. 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. Example of the break even graph from the solar nerd calculator.

It depends on how much power your system generates and how much energy you use.