How to Calculate Payback Period for Solar Panels in india | Freyr Energy

How to Calculate Solar Payback Period?

Not many investments are as risk free and profitable as installing a solar system. Today, the payback period of solar installation is as less as 2 to 3 years.

Pay back period is the time taken to break-even or to get back your solar investment. Calculating the payback period for solar panels is easy but you need to understand certain components of the investment before you begin.

The payback calculated will vary with factors such as system size, cost, electricity generation & consumption, etc. Today, solar is the only investment in the market that can give you a payback period of 2 to 3 years with assured returns. Other factors such as increasing grid electricity tariffs, availability of financial incentives, net-metering, and ease of installation with EPCs like Freyr Energy are urging many homeowners and businesses to choose Solar over traditional forms of energy.

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