Solar Energy USA

Cost of Solar Panels and Solar ROI | Solar Energy USA Blog Archive

Cost of Solar Panels and Solar ROI

Posted on Monday, August 12th, 2013 at 4:14 pm by Solar Energy USA


Most people recognize that the cost of a home solar panel system is a type of a financial investment (much like a kitchen remodel). But the question many people do not know the answer to is related to payback period or solar ROI (return on investment).


The infographic below illustrates solar ROI using data from individual state power rates, tax credits and utility rebates, and information on cost of solar panels and solar energy systems by geographic region.


Infographic originally posted by Geostellar.

Here are a few takeaways from the solar ROI infographic that may surprise you:

1. Many homeowners can get a better ROI from going solar than from the S&P 500 stock index (considered a very good investment)! Yep, a home solar energy system investment beats the S&P 500 for millions of people and increases as the cost of power jumps!

2. In ⅔ of states the savings earned with a solar panel system is a better average ROI than 30-year treasury bonds!

3. In 86% of states it is very likely that your solar ROI beats a 5-year CD (certificate of deposit)!

Something to remember: Solar panels have been shown to produce electricity for over 30 years, so even the average homeowner in Mississippi (ranked last) would make money on solar in the long run!

One final thought: Purchasing a solar energy system for your home or business beats many other “good” and highly recommended investment options including stocks, bonds, and CDs. If you are looking to invest for retirement, college education, or simply to make the most of your money, you should really consider installing a solar energy system and producing your own power! Plus, if you power your plug-in electric vehicle with solar energy you can really save money by eliminating gasoline expense.

Questions about the cost of solar panels and/or solar ROI? Contact us to schedule a free in-home solar consultation. We will go over your power bills with you and give you an idea of how much you could save with solar energy!