Solar Panel Economics
| Factor | Typical Range |
|---|---|
| System Cost | $15,000-$35,000 |
| Federal Tax Credit | 30% (through 2032) |
| Payback Period | 6-12 years |
| System Lifespan | 25-30 years |
| Annual Degradation | 0.5-0.8% |
Federal Solar Tax Credit
- 2022-2032: 30% of system cost
- 2033: 26% of system cost
- 2034: 22% of system cost
- 2035+: 0% (unless extended)
Factors Affecting ROI
- Local electricity rates (higher = faster payback)
- Sunlight availability
- Roof orientation and shading
- Net metering policies
- State and local incentives