Still assuming zero maintenance and zero degradation for a 4000 investment i save 164 year.
How much energy over the lifespan of a solar panel.
However this doesn t mean that they stop producing electricity after 25 years it just means that energy production has declined by what manufacturers consider to be a significant amount.
Solar panels offer homeowners a great way to reduce their carbon footprint.
I can buy electricity off the grid for about 10 cents kwh.
Copper indium gallium selenide solar panels are manufactured by a thin layer of copper indium gallium and selenide on glass or plastic backing along with electrodes on the front and back to collect current higest cigs thin film solar panel efficiency is registered around 20 9 many energy laboratory confirmed 13 8 module efficiency of a large area production panel and 13 total area and 14.
Luckily the lifespan of solar panels will allow you to produce energy for many years providing a great return on investment.
As a general solar industry rule of thumb solar panels last about 25 30 years.
Most of the renowned solar manufacturers claim that their panels will continue to produce a minimum of 80 of their rated output throughout their lifespan or the period of warranty.
The return on investment is 4 and it takes 24 years to recover my investment.
You can count on most photovoltaic solar panels to last 25 years before they begin to noticeably degrade.