Solar ROI Calculator

Turn site sunshine into measurable long term savings. Compare scenarios using escalation, degradation, and upkeep. Decide faster with payback, ROI, and NPV clarity built-in.

Downloads
Run a calculation to enable CSV and PDF exports.
Calculator Inputs

Use realistic construction assumptions. Include incentives, expected production, tariff escalation, O&M, degradation, and discount rate.

Total installed cost before incentives.
Grants, rebates, or tax-equivalent credits.
Expected year-one energy output.
Current tariff or avoided cost rate.
Annual growth in utility rate.
Cleaning, inspections, and minor repairs.
Annual change in operating costs.
Typical module output decline each year.
Commonly 20 to 25 years.
Your hurdle rate for present value.
Reset Results appear above this form
Example Data Table

Sample inputs and resulting key outputs for a mid-size construction facility system.

System cost Incentives Annual kWh Rate Period Payback ROI
$120,000 $20,000 150,000 $0.1400 25 ~6.8 years ~240%
$320,000 $65,000 420,000 $0.1250 25 ~7.4 years ~210%
$75,000 $10,000 95,000 $0.1600 20 ~5.9 years ~190%
Values are illustrative. Your results depend on escalation, degradation, and discounting.
Formula Used
The calculator models annual cashflow from avoided electricity cost minus annual operating cost.
Tip: Use discount rate to represent capital cost and project risk.
How to Use This Calculator
  1. Enter total installed system cost and expected incentives.
  2. Add year-one energy output in kWh, based on design estimates.
  3. Set the electricity rate and an escalation percentage.
  4. Include annual operating and maintenance cost assumptions.
  5. Choose degradation, analysis period, and your discount rate.
  6. Click Calculate to view payback, ROI, NPV, and IRR above.
  7. Use CSV or PDF buttons to export the latest result.
Project Cashflows and Site Energy Value

Solar ROI in construction is driven by avoided utility purchases. The calculator converts year-one production into annual savings using the entered tariff, then applies escalation to reflect rate pressure. Degradation reduces output each year, so savings rise slower than the tariff alone. This interaction is why two projects with the same first-year savings can show payback times.

Capex, Incentives, and Net Installed Cost

Upfront cost is modeled as system cost minus incentives. Incentives shorten payback by reducing the negative year-zero cashflow. For facilities, include interconnection, racking, upgrades, and commissioning. If incentives exceed cost, the model warns that the net cost is zero, because ROI and payback lose meaning when there is no capital at risk.

Operating Costs and Performance Assumptions

Annual O&M covers cleaning, inspections, inverter servicing, and monitoring. Escalation captures labor and parts inflation. For dusty sites or coastal exposure, higher O&M may be realistic. Degradation is entered as a yearly percentage; even a small change influences lifetime kWh and therefore NPV, especially over 20–25 years.

Discounting, NPV, and IRR for Decision Quality

NPV discounts each year’s net cashflow back to today using the selected discount rate. A positive NPV indicates the project beats the hurdle rate. IRR is the break-even discount rate where NPV equals zero. Use higher discount rates for riskier projects, shorter site access, or uncertain tariffs, and lower rates for stable owner-occupied assets.

Example Data for a Mid-Size Facility Scenario

Inputs: System cost $120,000; incentives $20,000; annual production 150,000 kWh; rate $0.14/kWh; rate escalation 2.5%; O&M $1,800; degradation 0.7%; period 25 years; discount rate 6%.

Typical outputs: Payback about 6–7 years, ROI above 200% over the period, and a positive NPV when escalation offsets discounting impacts.

FAQs

1) What does ROI represent in this calculator?

ROI compares lifetime net savings against the net installed cost. It uses total net cashflow over the analysis period and shows the percentage gain relative to invested capital.

2) Why do I need both NPV and IRR?

NPV shows value in today’s money at your discount rate. IRR shows the break-even return rate. Together they explain absolute value and percentage performance.

3) How should I choose a discount rate?

Use your hurdle rate or cost of capital. Increase it for higher risk, uncertain tariffs, or short site tenure. Decrease it for stable, long-term owner operations.

4) Does the model include batteries or export revenue?

No. It models avoided purchases minus O&M. If you earn export revenue or add storage, approximate by increasing the effective rate or annual benefit.

5) What if production varies across seasons?

The calculator uses annual kWh, which already reflects seasonality when taken from a design model. For more precision, use measured site data or a P50 estimate.

6) Why might payback not be reached?

Payback may not occur if savings are low, O&M is high, or net cost is large. Review tariff, kWh estimate, escalation, and incentives for realistic inputs.

7) Can I use this for short-duration site power?

Yes. Reduce the analysis period to match site duration and use a higher discount rate. Short timelines need strong offsets and reusable equipment to pencil out.

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Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.