How does the Solar Panel ROI Calculator work?
The Formula
Net Cost / Annual SavingsExample: $15k net cost / $1.5k savings yr = 10 years.
Frequently Asked Questions
Do panels increase home value?
Yes, typically by about 4.1%.
Determine how many years it will take for your solar panel installation to pay for itself based on upfront costs and monthly electricity savings.
Net Cost / Annual SavingsYes, typically by about 4.1%.