Climate ToolsetSolar Panel ROI Calculator
See how quickly solar panels pay for themselves and your long-term savings.
Investment Summary
Federal Tax Credit (30%)
$6,000
Net Cost After Credit
$14,000
Annual Savings
$1,800
Payback Period
7.8 years
25-Year Net Savings
$31,000
About the Federal Solar Tax Credit
The Residential Clean Energy Credit (formerly ITC) provides a 30% tax credit for solar panel systems installed through 2032. The credit steps down to 26% in 2033 and 22% in 2034. Most residential solar panel systems have a warranted lifespan of 25 years or more.