How to calculate your solar payback period

How long will it take for solar panels to pay for themselves?

That’s a trickier question…

But it is an important one to figure out. While most of us know that a solar power system is a worthwhile investment for the home, many potential buyers justifiably worry about the exact cost and savings. Before they make such a big purchase, they want to know:

●      How much do solar panels cost?

●      How much money will I save each month?

●      And how long will it take before I reach the break-even point — and start getting a return on my investment?

This article looks at all the factors that are used to work out the payback period, and how you can calculate this figure for your own home. How long will your solar system take to pay for itself

 

 

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