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How Much Does a PV System Cost? |
System cost depends on size, materials and labor. Most systems pay for themselves within 5 to 10 years. To roughly estimate your investment, take your annual electric bill and multiply it 5-10 times (representing years). That will provide you with a rough estimate of your investment in solar based on payback periods.
Keep in mind that each PV system is sized to the unique annual energy needs of each customer. Systems aren’t sized for square footage, but designed to replace the total amount of electricity you use annually. Site specific elements, differing electric rate schedules, and financial incentives that you may or may not qualify for all affect your total system investment.
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