Payback Renewable Energy

Payback Time Period for Investment, Economics of Renewable Energy, Costs, Alternative Energies, Solar, Wind, Geothermal, Renewables News DFW, Dallas Fort Worth North Texas North Central Texas Economics of Renewable Energy

PaybackTime Period RenewableEnergyThe Economicsof Alternative Energies for Green Homesand Businesses

Home Contact Consult Solar Electricity Solar Hot Water Solar Pool Heating Water

News of Renewable & Alternative Energy 972 251-1532 817 443-2553

Join our email list here.

Renewable Energy Directory Economics Electricity EnergyEfficientGlossarySolar Electric Solar Thermal Solar Pool HeatTexas Energy Water WindConsulting HistoryInsolation Introduction News

Payback is the number of years it takes for your electricity savings to equal the system’s cost and maintenance.

Once you have estimated your system’s kilowatt-hour production, you need to determine your annual kilowatt-hour (not dollars but kilowatt hours) use of electricity. This is normally available from your electric service provider. Use an average of two years consumption for this figure.

Next look at the cost of your electricity. Again, look at the rates you have paid over the last two years and get an average. It does fluctuate. Now add at least 2.5¢ per year for cost increases. That is the average increase based on many past years. Increases will probably be much larger than that in the future.

If you live in an area where net metering is not available, the payback for your system will take longer. Energy-efficiency then becomes a major player in your payback time.

You certainly need to make your home as energy efficient as possible. However, it is not necessary to do your energy-efficient improvements before installing renewable energy or even do it in the same year.

It is important to get a plan for both energy efficiency and renewable energy installation from a professional, then stick to it.

Back to Economics Directory

For further information about Renewable Energy or this area of Texas contact

Terry Jensen 972 251-1532 or 817 443-2553 Email

Renewable Energy & Green ServicesConsulting

Join our email list here.

Green & Renewable Energy 972 251-1532 or 817 433-2553

Sunrise SolarCertified Solar Installers972 251-1532817 545-0140

Renewable Energy HomeDFW Green BuildingDFW Green Remodeling Energy Consulting

Home Contact Consult Solar

You might also like More from author