How long does a solar system take to pay for itself?
This depends on a number of factors including your current cost of electricity, the rate structure of your electrical service, the incentives available to you, and the cost of money on your investment. When paying cash, a typical residential system may see a simple payback in 8-12 years. If you are financing the purchase of your solar system, you may see immediate positive cash flow or you may initially see a slight negative impact on monthly cashflow when factoring the cost of the loan against the initial savings. As electrical rates increase, and with your loan payment staying fixed, you will eventually see positive cashflow, a break even point, and then a positive rate of return. Financed systems typically either see immediate positive cashflow or will attain positive cashflow within three years or so. How much space do I need for a residential solar system installation? Typical residential solar systems range from 3-10kW. Depending on the solar module, each DC kilowatt requires rou
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