Think solar can’t pay for itself? With the right combination of State incentives and expensive electricity rates, a solar PV system can have a payback period of 10 years or less. Here are ten US States with a solar payback of 10 years or less.
1. Massachusetts – 4 years
2. Hawaii – 5 years
T-3. New Jersey – 7 years
T-3. Maryland – 7 years
T-3. Louisiana – 7 years
6. New York – 8 years
T-7. California – 9 years
T-7. Ohio – 9 years
T-7. Delaware – 9 years
10. Arizona – 10 years
If you want to know how much solar it could cost to go solar in your state? Check out the infographic below from 1BOG.org to see the average cost to go solar in your state. Then check out how much you can save each month, over 20 years, and the average payback time for solar.
Home Solar Power Discounts – One Block Off the Grid