How Many Years To Payback Energy To Make Solar Panel

The average solar system only takes around 7 5 years to pay back the initial investment according to energysage.

How many years to payback energy to make solar panel.

Average solar power payback period varies significantly based on where you live. The oldest solar panel system in the u s. On the other hand plenty of americans pay 9 to 13 cents per kilowatt hour. Indeed many solar systems are still going strong after 30 years.

However the average life of a solar system is around 30 years. 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 typical solar payback period in the u s. As of june 2020 the average residential solar panel payback period in the us is 7 6 years based on the last 50 000 homes that have used our state of the art solar panel estimator to generate a solar cost and savings estimate for their home.

Our customers generally see a payback period of 3 7 years. Does solar make financial sense for them. Solar payback period is 9 000 1 296 6 9 years. Is just above 8 years.

It may take longer for a solar panel system to be paid off but they will also benefit as well. 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. 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.