You can change the inverter cable loss and other assumptions in the calculator box above if you wish.
Solar payback calculator uk.
To figure out payback period without the solar panel cost calculator we first calculate the true cost of installing solar after incentives have been claimed then we compare that against the cost of electricity from the utility company which tells us how long it takes to break even on the system.
The calculator also allows you to compare a high quality photovoltaic pv system with a lower priced solar system and see the difference in payback time.
Installing solar panels can be a great decision for your home for the environment and for your savings.
Hopefully you can use our free calculator to determine if solar is a good fit for you.
See how long it will take for a solar system to pay for itself.
Solar savings payback calculator.
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.
Cables inverter of 15.
The typical solar payback period in the u s.
To help give you an idea of how long solar panel payback time could be we ve used our solar payback calculator a tool that works out your specific solar payback time using certain criteria.
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.
How is the solar panel payback period calculated.
How comparison shopping can improve your solar panel payback period.
Is just above 8 years.
If you haven t yet received solar panel quotes you can start the process by using our solar panel calculator and learning about offers from solar providers in your area.
Comparing quotes from multiple solar installers can actually help you go solar with a shorter payback period than the national average.
Solar panel payback time in the south of the uk.
Solar panel payback time in the uk.
Remember the method above just results in a simple payback estimate without accounting for increases in electricity costs over time solar panel degradation or any other.
This tool gives estimates based on information you provide and a number of assumptions to indicate potential benefits.
Calculations include solar radiation and system losses in a central uk location due to temperature 6 6 and angular reflectance 3 1 as well as other losses e g.
