Solar ROI Calculator
Find out exactly how much you can save by switching to solar and how many years it will take to pay off your system.
2.8 Years
$1,232
Understanding Solar ROI
A Solar ROI (Return on Investment) calculation helps you determine if installing solar panels is a sound financial decision. Most residential systems have a payback period of 5 to 10 years, while the panels themselves are warranted for 25 years, meaning you enjoy 15+ years of virtually free electricity.
Key Factors
- •Local Incentives: Government tax credits can often cover 30% or more of the initial cost.
- •Sun Hours: The number of "peak sun hours" varies by location and significantly impacts production.
- •Utility Rates: The higher your current bill, the faster your solar panels pay for themselves.
Maintenance
Solar panels are very low maintenance. Most homeowners only need to clean them once or twice a year to remove dust or debris. The most likely component to need replacement is the inverter, usually after 10-15 years.
Pro Tip: Net Metering
Check if your utility provider offers Net Metering. This allows you to sell excess energy produced during the day back to the grid at the same rate you buy it, essentially using the grid as a free "battery."
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