How long does it take to recover the investment in solar panels?
Descubre cómo la amortización puede acelerar tus ahorros con energía solar
The amortization of investment in solar panels It is a fundamental aspect to consider when you decide to take the leap towards photovoltaic solar energy.
This process refers to the period of time necessary to recover the initial investment made in the installation of solar panels.
The profitability of solar panels is closely linked to payback.
The less time it takes to recover the investment, the faster you will start to enjoy the economic benefits and environmental of solar energy
Generally, with solar self-consumption systems, You can reduce your electricity bill by up to 60% conventional.
This means that, on average, you could recover the investment in a few 6 Years.
Nonetheless, there is the possibility of significantly reducing this term only 3 years.
As long as we effectively take advantage of the various aid and subsidies that are at your disposal.
Below, we present the key factors that influence the calculation of the amortization of your investment in solar panels:
1. Gross installation cost:
The size of your solar energy installation and the excellence of the equipment implemented will have a direct impact on the overall cost of the investment.
To explain in more detail, if you opt for a greater surface area for the installation of solar panels, this implies the inclusion of a greater number of solar panels.
As a result, this leads to a significant reduction in the time required to recover the initial investment.
2. Installation performance:
Where your home is located plays a crucial role in the performance of your solar panels.
The more hours of sunlight they receive, the greater the energy production, which will increase your savings.
The orientation of the roof and other factors such as the contracted power also influence.
Without a doubt, Lanzarote is an optimal setting to install solar panels due to its high annual solar exposure.
3. Tax aid and incentivess:
There are various ways to reduce the cost of your investment, such as subsidies that are applied directly to the price of the installation or tax deductions in personal income tax or IBI.
These can range from a 40% savings on the total installation cost to a 95% discount on the ICO.
A 50% discount on IBI and between 20% and 60% deduction on your personal income tax
4. Compensation for surpluses:
The capacity of sell the excess energy that you produce and do not consume to your electricity company can translate into significant discounts on your monthly bill.
The ability to sell the excess energy you generate and do not use to your electric utility company can result in considerable discounts on your monthly bill.
Having the ability to market the excess energy you produce and do not consume with your electricity supplier can lead to extremely important discounts on your monthly bill.
Approximate example
A practical example illustrates how a home in Lanzarote (intended for holiday rental) with a favorable orientation and efficient consumption habits can pay for an installation of 10 solar panels in less than 5 years.
With high-quality equipment and an average energy price of €0.29/kWh, this specific installation achieves a payback period of just 4,49 years, which demonstrates how investing in solar panels can become an excellent option for your home and your pocket.
In short, the amortization of investment in solar panels It is a key process to evaluate the profitability of your investment in solar energy.
Take advantage of the aid available and consider the factors that influence the recovery time of your investment to enjoy the economic and environmental benefits of solar energy.
Take the step towards a more sustainable and profitable future! 🌞💰
Here you have an example of price that ENDESA can pay you for the surplus energy that is not from your solar production.
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