How long do people take to pay off their solar panels?

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  1. 0 Votes

    The cost for a basic solar panel system for a home is about 12,000 dollars, but the 4 kilowatt system would be more reliable which would cost 30,000. Here are some figures for a 3 kilowatt system. 

    • 2.4 kWh a day X $.05 cents per kWh X 9 hours = $1.08 a day
    • $1.08 x 30 days = $32.40 a month
    • $17,200 (cost of a 3-kilowatt system) divided by $32.40 = 531 months
    • 531 months divided by 12 = 44 years to pay off

    Hope this helps!

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