The investment in solar energy pays for itself before reaching the end of its useful life, both in homes and in companies, betting on solar energy is a good investment.
The return on the system during its 25-year useful life is higher than any other financial operation, in addition to the many other advantages obtained with this technology.
However, many people still believe that investing in solar energy is not worth it.
These people only think about the initial investment, often they are not able to visualize the long-term benefit that will be obtained from the installation of the system over the years.
In addition, a system not only brings savings on the electricity bill, but there are many other benefits of solar energy as well.
There are many websites that can help you with online solar calculators to simulate your investment in a solar photovoltaic system.
With these calculators you can quickly get a rough estimate of the following data from your system:
- Price (equipment and installation labor).
- Monthly savings on your electricity bill.
- Amortization of the system (return on investment time).
- Number of solar panels we need.
- Monthly system production in kilowatt hours (kWh).
- Maximum power (maximum system generation under ideal conditions).
Amortization of investment in solar energy.
One of the greatest advantages of a solar system is that it will give us back everything we have invested.
Each month, the savings that the system generates on your electricity bill is money that stays in your pocket and part of the invested value that you recover.
Over time, this savings accumulates until it ends up being the value you invested in the system.
That’s how long it takes us to pay off the solar system, which we call amortization.
Depending on the characteristics of the facility and where you reside, the investment will pay off faster or a little slower.
In the case of companies, the investment is also very attractive compared to the minimum estimated useful life of a solar panel, which is 25 years.
After amortizing the investment, you will have years of free energy.
The return on investment varies according to the installation, being proportional to three main values:
- The cost of the project.
- Energy rate.
- Monthly savings on the bill.
Also, the reimbursement may be higher if we consider energy inflation, which increases the monthly savings obtained with the system. As energy inflation increases its price, the annual savings with the system are greater. In Spain, in the last 10 years it has become 60% more expensive.
Add that, according to a study conducted by the Lawrence Berkeley National Laboratory, in the US state of California, buyers would be willing to pay $15,000 more for a house with solar panels installed instead of one without them.
Another clear reason to invest in solar energy, and the most important for many: the environment.
We all know that the sun is a clean source of energy, the largest available on our planet.
Just to give you an idea, the energy that the sun radiates in one second is much greater than the amount consumed by humanity since its appearance on the face of the Earth.
The transformation of sunlight into energy, which takes place inside the photovoltaic cells of a solar panel, is carried out in a 100% clean way, without the emission of any pollutant or other environmental impact.
With the problem of global warming, today more than ever, consumers demand from companies sustainable solutions and ecologically friendly products.