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Rooftop Solar for Factories Can Earn a 25-35% Retu...
Rooftop Solar for Factories Can Earn a 25-35% Return on Investment Annually
Return on Investment (ROI) and payback period of solar plants
The payback period for your solar system is the time it takes to recover your initial investment through savings on your electricity bills. The Return on Investment (ROI) represents the overall returns generated by your solar system over its lifespan. The greater your monthly savings on electricity bills, the faster your initial investment is repaid, and the higher your ROI. Typically, commercial and industrial users can expect a payback period of 2 to 4 years, while residential users can expect a payback period of 3 to 5 years. After the initial cost is recouped, the energy produced by your solar system for the following 12 to 16 years is almost free.