Alberta s combination of lots of sun low temperatures and expensive billing rates make it one of the best places in canada to install solar pv.
Solar payback calculator canada.
If your cost of installing solar is 20 000 and your system is going to save you 2 500 a year on foregone energy bills your solar panel payback or break even point will be 8 years 20 000 2 500 8.
Solar power solar pv has solid economics in alberta and has enjoyed exponential growth largely without any government incentive.
Cost of solar power in canada 2020.
The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system.
The calculator also allows you to compare a high quality photovoltaic pv system with a lower priced solar system and see the difference in payback time.
See how long it will take for a solar system to pay for itself.
Verifying the results of operations in the graph and table.
Finally on the inputs tab you will see both a pre tax and after tax calculation of the internal rate of return irr on the investment of putting in solar.
Our solar payback and roi calculator will help you make conscious decisions about your switch to a more environmentally friendly way to consume power.
The typical solar payback period in the u s.
How is the solar panel payback period calculated.
For example if you can divide 10 000 by 1 000 you already know how to use the simple payback method to calculate the payback for solar panels.
Home solar tools photovoltaic payback photovoltaic payback economic analysis of a photovoltaic system with the determination of payback and chart.
Is just above 8 years.
The simplest way to calculate solar payback is to use the simple payback method.
Enter data of the photovoltaic energy then the data estimated cost of the plant then data eletrica bill.
Before you begin you will need to collect.
This calculator helps project planners evaluate the cost implications of proposed grid connected solar pv projects by comparing them to purchasing electricity from alberta s grid.
This tool estimates yearly cash flow with and without a solar pv system and compares the total net present value of different options over a chosen analysis period.
Conclusion on solar payback calculator.
To figure out payback period without the solar panel cost calculator we first calculate the true cost of installing solar after incentives have been claimed then we compare that against the cost of electricity from the utility company which tells us how long it takes to break even on the system.
Solar payback in alberta.
Solar savings payback calculator.
This period refers to the amount of time it will take for your solar panels to produce the initial investment cost.
You can however calculate the timeline yourself and see how long it takes before you start turning a profit.
