Solar PV Payback Calculation

Average Cost per kW Installed (£) 1,350 Enter your own figures in ORANGE boxes
Estimated Installed Cost (£) 14,850 PAYBACK reached in year where cells turn GREEN in Accumulative Total
Notes:
Size of the Array (kWp) 11 > Calculations ignore the time value of money
Load Factor 1 > Assumes inverter lasts 20 years
Solar Radiation Factor 920
Overshading Factor 1 103%
Assumed Annual
Annual Rate % of Energy Increase in
Estimated Output (kWh/annum) 10120 of Inflation Used on Site Energy Cost
3% 100% 10%

Estimated Output Total

Taking Degradation at inflation FIT including Generation Energy Used Savings Total Income
1% loss/year into Efficiency of Up to 4kW 10+ kW FIT compound inflation annual on Site Energy Cost from Energy & Saving per Accumulative
Year Account (kWh/annum) Cells FIT (p/kWh) (p/kWh) factor (p/wKh) income (£) (kWh) (p) Used (£) year (£) Total (£) Year
1 10120 100% 14.9 12.6 1.03 12.6 1,272 10120 14.00 1417 2,689 2,689 1
2 10120 100% 14.9 12.6 1.06 13.3 1,350 10120 15 1558 2,908 5,597 2
3 10120 100% 14.9 12.6 1.09 13.7 1,390 10120 17 1714 3,104 8,701 3
4 10019 99% 14.9 12.6 1.13 14.1 1,417 10019 19 1867 3,284 11,986 4
5 9919 98% 14.9 12.6 1.16 14.6 1,445 9919 20 2033 3,478 15,464 5
6 9819 97% 14.9 12.6 1.19 15.0 1,474 9819 23 2214 3,688 19,152 6
7 9721 96% 14.9 12.6 1.23 15.5 1,503 9721 25 2411 3,914 23,066 7
8 9624 95% 14.9 12.6 1.27 15.9 1,532 9624 27 2626 4,158 27,224 8
9 9528 94% 14.9 12.6 1.30 16.4 1,563 9528 30 2859 4,422 31,646 9
10 9433 93% 14.9 12.6 1.34 16.9 1,593 9433 33 3114 4,707 36,353 10
11 9338 92% 14.9 12.6 1.38 17.4 1,625 9338 36 3391 5,016 41,369 11
12 9245 91% 14.9 12.6 1.43 17.9 1,657 9245 40 3693 5,350 46,718 12
13 9152 90% 14.9 12.6 1.47 18.5 1,689 9152 44 4021 5,711 52,429 13
14 9061 90% 14.9 12.6 1.51 19.0 1,723 9061 48 4379 6,102 58,531 14
15 8970 89% 14.9 12.6 1.56 19.6 1,757 8970 53 4769 6,526 65,057 15
16 8881 88% 14.9 12.6 1.60 20.2 1,791 8881 58 5193 6,985 72,042 16
17 8792 87% 14.9 12.6 1.65 20.8 1,827 8792 64 5656 7,482 79,524 17
18 8704 86% 14.9 12.6 1.70 21.4 1,863 8704 71 6159 8,022 87,545 18
19 8617 85% 14.9 12.6 1.75 22.0 1,899 8617 78 6707 8,606 96,152 19
20 8531 84% 14.9 12.6 1.81 22.7 1,937 8531 86 7304 9,241 105,393 20
21 8445 83% - 8445 94 7954 7,954 113,347 21
22 8361 83% - 8361 104 8662 8,662 122,009 22
23 8277 82% - 8277 114 9433 9,433 131,442 23
24 8194 81% - 8194 125 10273 10,273 141,715 24
25 8113 80% - 8113 138 11187 11,187 152,901 25
26 8031 79% - 8031 152 12182 12,182 165,084 26
27 7951 79% - 7951 167 13267 13,267 178,351 27