The average return on investment (ROI) for residential solar panels in the United States varies, but it is generally around 10%. However, this figure can fluctuate significantly based on factors such as location, system efficiency, and local incentives. For example, some areas may have higher ROIs due to favorable policies or higher electricity rates.
Here’s a breakdown of average ROI for solar panels in different regions:
- United States: About 10% on average.
- Virginia: Approximately 9.55%.
- Maryland: Around 8.18%.
- Ohio: About 6.2%.
- Pennsylvania: Approximately 9.66%.
To maximize ROI, it’s important to consider local incentives, system efficiency, and proper installation to ensure optimal performance over the lifespan of the solar panels, which is typically 25 to 30 years.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-is-the-average-roi-for-residential-solar-panels/
