Break Even Point On Solar Panels

If you buy a system depending on the incentives available to you break even point should be around eight years or less.

Break even point on solar panels. Example of the break even graph from the solar nerd calculator. 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. When will i hit the break even point.

This is called the break even point. 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. The break even point when energy output equals manufacturing energy input has fallen from 20 years to just two years. The cost of solar panels.

Interpreting the solar nerd payback graph. The graph above is a screenshot from the solar nerd calculator. It depends on how much power your system generates and how much energy you use. Break even in 8 years.

And when will i break even. On average homeowners in the u s. 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. 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.

Most homeowners considering solar energy want to know when their investment will have paid for itself in energy savings.