Look deeper, and you’ll find that switching to solar is an excellent long-term investment. Switching to renewable energy is a no-brainer for the planet.īut if you’re a homeowner, investing in residential solar power isn’t necessarily a no-brainer for your bank account - at least not on the surface.
How Much Can You Save After Going Solar?.Will You Still Have Electricity Bills After Going Solar?.Divide the Total Cost of the System by the Annual Financial Benefit.Calculate Your Estimated Monthly Electricity Cost.Add in any Additional Costs, like Financing Fees.Factor in Credits, Rebates, and Incentives.How To Calculate Your Solar Payback Period: A Quick Guide.Factors That Impact Your Solar Payback Period.What Is Considered a Good Solar Payback Period?.What Is the Average Solar Payback Period?.
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