What is the Return on Investment (ROI) or “payback period” for solar installations?
When considering full cost accounting, the true payback is the environmental benefit, such as peak load offsets that you can only achieve with solar technologies. Financial payback is a relative concept to be calculated on a case-by-case basis. Some of the factors that affect payback are: the cost of electricity prices being offset, cost of the system, exposure to the sun, size of the system, financing terms, etc. There are some tools, such as RetScreen, that can assist homeowners in predicting the production of a system and assist in determining payback. Contact CANADIAN SOLAR SOLUTIONS today to learn more.
