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Solar Panel ROI

Inputs

Complete installation cost before incentives

Your typical yearly electricity costs

Percentage of electricity bill the solar system will offset

Federal investment tax credit percentage

Upfront state or local incentives

Yearly cleaning, inspection, and repairs

Expected yearly increase in electricity costs

Expected years of operation

Expected cost to replace inverter mid-life

Year when inverter replacement is expected

Results

Net Cost After Incentives
Year 1 Electricity Savings
Payback Period
Years until system pays for itself
Lifetime Savings (25 Years)
Total savings over system lifespan
System ROI
Average Annual Savings
Formula
Payback Period = Net Cost / Year 1 Savings; Lifetime Savings = Sum of Annual Savings Over Life - Total Maintenance - Inverter Replacement
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