Detailed Instructions: Given a passage and a query based on the passage, generate an unambiguous, concise and simple answer to the query from information in the passage. Note that the answer may not be present in exact form.
Problem:Most modern solar panels are sold with a 10 – 25 year warranty, and are designed to deliver 80% of their rated power after 30 years. Research tests have proven that solar panels can last for 40 years or longer! It is not uncommon for a home solar panel installation to deliver $50,000, $75,000, or even $100,000 in cumulative energy savings over time. For more examples, view the Southern Current Solar Install Portfolio. If solar power was used to charge the Powerwall, it would save the charging fee of $0.45 a day, making the Powerwall savings each year $358. Factoring in the installed solar panel cost of $3,570[2] for a 1.5 kilowatt system[iii], makes the payback period 31 years, still 3 times the warranty period. If you’re reviewing multiple quotes, there are plenty of metrics that can help you make a decision about which solar option is best for you, but studies show most solar shoppers rely on one metric in particular: the solar panel payback period. Here’s how the numbers pencil out for a North Carolina solar purchase with a small rooftop solar system: 1  First-year loan payments: $948. - 2  First-year electric bill savings: $275. = 3  First-year cost of solar: $673. 4  First year federal tax credit: $2,340. 5  Total in your pocket after year 1: $1,667. For most homeowners in Bee Cave who pay cash instead of financing, the average solar panel installation will pay for itself in 11 years. What this means is that over 11 years, the value of energy produced by a solar energy system should equal the cost to have the system installed. One of the world’s purest silicone mines is in western North Carolina near Asheville. 1  Solar Energy Industry Association. 2  American Solar Energy Society. 3  North Carolina Sustainable Energy Association. 4  The NC Clean Energy Business Alliance. How Long Does It Take For A Solar Panel Installation In Bee Cave To Pay For Itself? Home › News › How Long Does It Take For A Solar Panel Installation In Bee Cave To Pay For Itself? Installing solar panels in Bee Cave, TX will provide ROI in about 11 years, followed by many more years of 'prepaid' energy from the sun. Since a panel can't work without an inverter, you have to also consider that cost, so you might as well add a few more panels (we'll call it a solar installation) and take advantage of government incentives (if they exist in your area). Since a panel can't work without an inverter, you have to also consider that cost, so you might as well add a few more panels (we'll call it a solar installation) and take advantage of gove... This page may be out of date. The sheep control the grass, so that it does not grow up and shade the solar panels. We attach a gutter to the bottom of some of the rows of the solar panels, and collect rainwater for the sheep to drink. We do not use goats or cows because they might eat the electric wires or jump up on or rub against the solar panels. Query: how long does it take for a solar panel to pay for itself nc
Solution:
It takes 11 years for a solar panel to pay for itself.