Recently, there has been news about falling electricity prices, negative electricity prices, falling electricity futures, high interest rates, etc. The question arises, is it still worth purchasing a solar power system?
The short answer is yes. The longer answer is, keep reading and we’ll explain why.
Up to over 16% return on investment
Despite green values and the green transition, many people still justify the purchase of a solar power system with financial calculations. For this reason, we will analyze a few cases and see that solar power is still a very profitable purchase.
16 pcs Canadian Solar 405W south facing
The first case is the hottest offer package at the moment, with 16 Canadian Solar 405W panels, facing south and a roof angle of 26 degrees, and located in Pirkanmaa.
- The modeling system gives an output of 6139 kWh
- Price after household deduction €5,234
- If the price of electricity is 5 cents and the transmission price is 5 cents
- Savings per year €612.90
- Repayment period 8.55 years
- Return on investment: 11.70%
- If the price of electricity is 10 cents (price of a 2-year fixed-term contract on 1 August 2023) and the transmission price is 4 cents
- Savings per year 858.06€
- Repayment period 6.11 years
- Return on investment: 16.38 %
16 pcs DualSun 425W south
In another case, the same object is calculated with the most expensive panel in our collection, but by far our best-selling panel thanks to its features and warranty. 16 DualSun 425W panels with a south orientation and a roof angle of 26 degrees, in Pirkanmaa.
- The modeling system gives an output of 6442 kWh
- Price after household deduction €6,920
- If the price of electricity is 5 cents and the transmission price is 5 cents
- Savings per year €646.95
- Repayment period 10.67 years
- Return on investment: 9.38 %
- If the price of electricity is 10 cents (price of a 2-year fixed-term contract on 1 August 2023) and the transmission price is 4 cents
- Savings per year € 905.73
- Repayment period 7.62 years
- Return on investment: 13.13 %
In other words, at the current price level of solar power systems, you can achieve returns on invested capital of up to 16% in single-family homes. Try to achieve the same returns on the stock market, for example, and you will be called an investment genius. In this case, you will also notice that even if you purchase the panels with financing, they are a profitable purchase when the return exceeds the interest by throwing.
You might ask yourself, are you paying yourself, or are you paying the electricity company?
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