Solar panel ROI (return on investment) is a measure of how solar installation cost compares to the income it produces. It is always denoted as the percentage of the initial investment cost.
The return on investment of a solar panel installation depends on its location, performance, efficiency and size, but 10% is average. To calculate the ROI for solar panels, divide your net profit over the lifetime of your panels by the cost of their initial purchase and installation. Then multiply by 100.
A positive ROI means that over the lifetime of your solar panels — usually between 25 and 35 years — the amount of money you save on energy bills or earn through your solar panels will be greater than the initial investment cost. It usually takes about 10 years to cross that threshold with the federal solar tax credit and about 13 years without it.
Contact the best rooftop solar system providers in Delhi NCR to choose the right system and know the subsidies in your area. A large solar panel will cut the cost per kilowatt and produce a significant amount of power, providing better and faster payback. A 3-kilowatt solar system will cost around INR 90,000.
The average ROI for solar panels in the U.S. is about 10%, but results vary. Olivia Ellis of Solar SME explained to us that “a good ROI for solar panels is considered to be between 6% and 8%.” In some cases, ROI may be as high as 20% or more, though. ROI is usually given as a percentage, representing your profit relative to your investment.
The initial solar investment includes the cost of solar components, labor, and panel mounting modules. Residential properties with maximum solar access can recover their installation cost in almost 6-8 years. The solar payback period depends on the utility costs, the size of the home, and the payment method.
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