What is the average solar payback period for EnergySage customers?

The average solar payback period for EnergySage customers is under eight years. Here's what you need to know about how long it's likely to take you to break even on your solar energy investment. Your solar payback period is the time it takes to break even on your initial solar investment.

How long does it take for solar panels to pay back?

The time it takes for solar panels to be profitable (if at all) also varies by geography, as some towns simply get more sun than others. Chicester is known to be one of the sunniest locations in the UK. Here, the data shows that solar panels can pay back in just 12 years under ideal conditions (south facing, less than 20% shade, home all day).

What is the payback period for a 10-panel Solar System?

Six years is the payback period for a 10-panel system costing £4,820 with a 3.9 watts peak (kWp) and annual production of 3600 kilowatt-hours (kWh), installed in Sheffield. Here's some of the shortest payback times in the UK, for an average system size: Where to start when calculating your payback period of solar panels?

How long do solar panels last on EnergySage?

That's the average payback period on EnergySage. At the end of those 7.5 years, your solar panels will have saved you enough money on your electric bill to cover the upfront cost of your system. Year eight in the example is when you technically start saving money, having finally broken even on your investment.

What is the shortest payback time for solar power?

The shortest payback time is for households in which someone is home all day to make use of the solar power as it is generated. By the end of 25 years, this homeowner could be ahead by around £11,000 (compared to just buying electricity from the grid). But the economics are not as good for households that are home less during the day.

How long does it take a solar shopper to break even?

The average EnergySage solar shopper breaks even in about seven to eight years. You can calculate your breakeven point by dividing the total cost of your system by your annual savings. Your electricity use and cost, the cost of solar, and your access to solar incentives all impact your solar payback period.