How Many Years To Payback Energy To Make Solar Panel

Our customers generally see a payback period of 3 7 years.

How many years to payback energy to make solar panel.

Average solar power payback period varies significantly based on where you live. Does solar make financial sense for them. The typical solar payback period in the u s. Considering a solar pv system has a lifespan of 25 years once the system is paid off the business benefits from no cost solar energy generated by their system for the remainder of its lifespan as well as revenue streams from incentives like net metering or srecs.

The average solar system only takes around 7 5 years to pay back the initial investment according to energysage. The oldest solar panel system in the u s. Those solar shoppers will continue to enjoy free electricity for the life of their solar panel systems which can last between 25 and 35 years. On the other hand plenty of americans pay 9 to 13 cents per kilowatt hour.

Solar payback period is 9 000 1 296 6 9 years. Data from the energysage solar marketplace shows that in 2020 solar shoppers who compare their options in the marketplace can achieve payback on their solar investment in about 8 years. Indeed many solar systems are still going strong after 30 years. If your cost of installing solar is 20 000 and your system is going to save you 2 500 a year on foregone energy bills your solar panel payback or break even point will be 8 years 20 000 2 500 8.

A shorter payback period of 3 to 5 years is more common in parts of the country where utility electricity is higher like the north east and south west. Is the segs system in california s mojave desert. It may take longer for a solar panel system to be paid off but they will also benefit as well.