Break Even Point Solar Panels

Solar panels are typically under warranty for 25 years.

Break even point solar panels.

This is called the break even point. And when will i break even. If you buy a system depending on the incentives available to you break even point should be around eight years or less. Interpreting the solar nerd payback graph.

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. 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. 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. 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 cost of 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. If you plan to sell your house sometime soon the shorter the break even point the better. The break even point when energy output equals manufacturing energy input has fallen from 20 years to just two years.

The graph above is a screenshot from the solar nerd calculator. Dividing 14 200 by 1 734 gives a.