Your solar PV system's payback period represents
the time it takes to recover your initial investment from the savings it
generates. Your investment would generate effective returns over the lifetime
of the solar system (Return on Investment (ROI)). Your initial investment would
be repaid and your ROI would be higher if you save more on your electricity
bills with solar. In general, commercial and industrial consumers should expect
payback in three to five years, and residential consumers should expect payback
in five to seven years. After you pay back the initial cost of your system, you
can almost rely on it to generate energy for the next 18 - 22 years.
You should note that your solar investment will
provide an assured return when it comes to ROI. Unlike other market investments
which are subject to risks, solar investments yield assured returns since solar
systems will always generate electricity as long as the sun is shining.
Most major solar panel manufacturers offer
warranties of 25-27 years, while some solar inverter manufacturers feature
warranties of 10 years.
Additionally, We electric buy provide free
maintenance and installation for 5 years.
Get a free survey and estimate for your home or
building from engineering Departments