Home Solar Payback: How Long Does it Take?
Thursday, November 5th, 2009
Home solar payback is the million dollar question for solar energy systems. Unfortunately for solar installers, it’s not always an easy question to answer, as several variables affect the solution. It can be said that in general, it takes 10-20 years for an average-sized system to pay for itself in energy savings. In some cases, such as systems embedded into a mortgage, a system can be profitable from the get-go. In others, it can take more than 20 years.
Rebates and Incentives
Rebates and tax incentives are the number-one driver of shortened payback periods for home solar power panels. In fact, incentives are currently powering the entire solar industry as it works toward grid parity. Until 2016, the federal tax credit for home solar systems stands at 30 percent of up front costs. That’s available to every homeowner in the United States. Other incentives, including state tax credits and utility rebates, vary widely. (more…)
Popularity: 3% [?]



Let’s take a look at the Coolest Eco-Friendly Celebs: