Free solar ROI calculator — calculate savings, payback period, and return on investment
This free solar ROI calculator (also a solar panel return on investment calculator) helps you figure out if going solar is worth it. It calculates your payback period, annual savings, and 25-year return on investment.
Solar panels have gotten much cheaper in the last decade, and electricity prices keep going up. For many homeowners, going solar pays for itself in 6-10 years and saves tens of thousands of dollars over the life of the system.
The average payback period is 6-10 years. After that, the energy is essentially free for the remaining 15-20 years of the panel's lifespan.
Yes! Panel costs have dropped 50% in 10 years, the federal tax credit is 30%, and electricity prices keep rising. Most homeowners see a 200-300% return on their investment over 25 years.
A typical 6kW residential system costs $15,000-25,000 before the 30% federal tax credit. After the credit, you're looking at $10,500-17,500 out of pocket.
Yes! Studies show homes with solar panels sell for 3-4% more than comparable homes without solar. Buyers love low electric bills.
Solar panels increase your home's value, so you'll recoup your investment when you sell. Just make sure you own the panels outright (not leasing) for maximum benefit.