Break Even Point On Solar Panels

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.

Break even point on solar panels.

If you plan to sell your house sometime soon the shorter the break even point the better. 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. 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. Most homeowners considering solar energy want to know when their investment will have paid for itself in energy savings.

This is called the break even point. On average homeowners in the u s. It depends on how much power your system generates and how much energy you use. The graph above is a screenshot from the solar nerd calculator.

Break even in 8 years. When will i hit the break even point. The answer to this question varies. 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.

Interpreting the solar nerd payback graph. And when will i break even. Solar panels are typically under warranty for 25 years. Example of the break even graph from the solar nerd calculator.

The break even point when energy output equals manufacturing energy input has fallen from 20 years to just two years.