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.