Solar Payback Calculator
Find out how many years it takes for your solar panels to pay for themselves, factoring in the federal tax credit (ITC) and state incentives.
Total installed cost before incentives
Currently 30% ITC through 2032
Additional rebates, grants, or credits
Your expected yearly energy savings
Frequently Asked Questions
What is the typical solar payback period?
Most residential solar systems pay for themselves in 6-10 years, depending on your location, electricity rate, system cost, and available incentives. After payback, all energy savings are pure profit.
What is the federal solar tax credit (ITC)?
The Investment Tax Credit (ITC) allows you to deduct 30% of your solar installation cost from your federal taxes. This credit is available through 2032, then drops to 26% in 2033 and 22% in 2034.
Does solar increase home value?
Yes. Studies show that solar panels increase home value by approximately $4 per watt installed. A 8 kW system could add around $32,000 to your home value, in addition to the energy savings.