What is the payback period of solar panels?
When you do generates more electricity than you consume, you will enjoy free electricity. The amount you saved is annually determines the return on your solar panels. Have you reached the payback time? Then you are pure profit for the rest of the life of your installation. The calculation of payback is a standard feature in all Skynet Solar Power quotes.
What factors influence the payback?
The payback time of your solar poles is determined by:
the amount of the investment;
your own use;
how you finance your investment (loan or not);
future price increases for electricity;
the total peak power of your plant.
If you have any questions, Contact us at www.skynetsolarpower.com or call us 323-347-1015.
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