Solar Panels – Has anyone broken even on an installation?

Member since 01 December 2023

joshua51New member18 April 2024 16:03:08

Hi there. Solar seems really smart in Spain...but I keep seeing adverts about people breaking even in as little as 2-3 years. Has any one genuinely experienced this? Probably a lot to ask but interested to know if anyone has counted up their bills before and after and actually made a sizeable saving. (PS I know solar is green and good for the environment and that's number one...but I am interested in personal stories about the financial side.)

rdkater Member

Member since 31 May 2022

rdkaterMember18 April 2024 21:33:58

breaking evenin2to 3 years make my laf en rol over the flouri wil break even after 6 years en i have everything setup myself a seven K wat for the price of 6.5K

jchilton Active member

Member since 02 December 2023

jchiltonActive member19 April 2024 09:23:07

@joshua51

My solar panel company told me 10yrs to break even. Installation was €9,000 and I save €75-€90/mth on electricity bills, so they were about right. On top of that there are petrol savings from electric car being solar charged of another €75/mth.

Plus, I could have received a €3,000 tax rebate if the company had obtained the required efficiency certificates before and after installation as promised, but they went bust!

gjpn Contributor

Member since 11 February 2015

gjpnContributor23 April 2024 15:07:36

123

@jchilton

So if you got the rebate, sounds like you would have had a 3 year payback period, after which your car and house power would be completely free. Sounds pretty amazing to me.