How is the solar panel payback period calculated.
Pay back time on tesla roof.
The typical solar payback period in the u s.
If tesla s projections are accurate a solar roof on this house should more than pay for itself within the warranty period with a net savings of 13 900.
If your cost of installing solar is 20 000 and your system is going to save you 2 500 a year on foregone energy bills your solar panel payback or break even point will be 8 years 20 000 2 500 8.
The neumanns installation took 17 days.
Tesla ended up running into many issues testing the longevity of the roof and they made several changes leading to the launch of solar roof v3 late in 2019.
Musk has said he s targeting an install time of just eight hours.
Six to tear off the old roof and 11 to install the new one.