What is the payback period of a solar installation?

Are solar panels worth it? Do they truly pay for themselves?

 

The short answer is – yes. Over the 25+ year lifetime of your system, your solar PV panels pay for themselves many times over. But how quickly can you recover the full investment?

 

This depends on a number of factors, including:

 

  • the size of your installation
  • your current monthly electricity bill
  • whether you qualify for solar incentives

 

It also depends on where you live. Payback periods for solar installations in New Jersey, for example, are 50% faster than in less developed markets like Wyoming.

 

For exact payback periods, request a free solar quote from one of the experienced installers in our network.