Solar Return on InvestmentSolar should be a component of every homeowner's investment portfolio. The annualized rate of return for a solar investment is approximately 10-20%.
The following ROI calculations are based on these parameters, which closely resemble an average size home:- House located in California
- House size is approximately 2,500 square-ft
- Annual utility bills of $3000
- Solar panel size is 6 kW and covers 390 square ft of roof space
- 50% down payment; 50% financing at 6.5% APR over 25 years
- Gross cost of $36,000; Net cost of $23,877 after incentives and rebates.
| Savings and Benefits | Amount |
|---|
| First Year Utility Savings | $2,500 | | Monthly Utility Savings: | $186 | | Annual Utility Savings: | $2,237 | | 25-year Utility Savings: | $101,697 | | Appreciation (Increase) in Property Value: | $30,000 | | Annualized Rate of Return: | 14.9% |
*Please note that utility rebates fluctuate. Consult a Greener Dawn Solar expert for the most up-to-date info.
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