What is the average payback time frame of a solar installation?
Payback time frame varies widely based on the size of the system. Smaller systems will have a longer payback period than larger systems, given that there are a lot of fixed costs associated with designing and installing a solar system. Therefore, the smaller a solar array, the fewer solar panels there are to absorb those fixed costs. Typically, we see a 7–9-year payback time frame for an average size system. It’s important to consider rising electric rates, and if comparing to another investment, remember that savings are not taxed like earnings.
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