In December of 2022 I got solar panels above my shop. The cost of energy has been so high and I use a bunch, I figured why not invest in a system. Total system cost installed was $36,066.36. Uncle Sam took care of a credit of 26% of total cost of system. So final price for me after doing taxes is…
$26,689.47 is the Final Cost of System after US Tax rebate
Calculating the return on investment (ROI), Let’s just take the number from the screenshot above which is $2,000 output for entire year. Also assume that its all same rate/fuel charge etc.
Annual percentage rate for 2023 is approximately 7.5% return. Estimated time until system is fully paid for by energy production: 10-12 years. Let’s hope she lasts.
This is a bit pessimistic ROI and depending on energy prices over next decade I predict I will break even in 2030. Mark your calendars.
CommandPattern.org 