How long is the payback period for a residential solar PV system, if I decide to go with an ownership model?
The average payback period for a residential solar PV system is about 7 years. However, this largely depends on the size of your solar PV system, which part of the day you use the most electricity and how much electricity you use overall. Households who have a large solar PV system and use a lot of electricity, especially in the daytime, can see payback periods of as short as 4 to 5 years.
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