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Solar Panel Payback Calculator

Estimate solar savings, payback, and 25-year net benefit.

Inputs

Inputs and assumptions

System size

Cost per watt

Federal credit rate you qualify for.

Annual production per kW

Output lost each year; 0.5% is typical.

Rate

Annual rate increase

Set 0 to model a cash purchase.

Loan term

Inverter replacement (~yr 12)

NPV discount.

0 = ignore lease compare.

Annual lease rise.

Upfront state incentive.

Result

Levelized cost (LCOE)
—
25-yr lease total
—
Loan payment (if financed)
—
25-year net benefit
—
Net cost after credit
—
Simple payback
—
First-year savings
—

What to check

  • System size and installed cost
  • Tax credit eligibility
  • Annual production estimate
  • Loan terms if financed

Related calculators

This calculator is a first-pass screening tool. Verify your utility tariff, metered usage, equipment specifications, and installer quotes before making a decision.

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Keep the assumptions with the result.

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