The amount of time it takes a solar system to pay itself off depends on the size and quality of the system, as well as your local utility rates. Depending on your solar system size, a Simply Solar system can pay itself off in as little as 5 years. On average, the payback period for a residential solar panel system in Auckland is around 7-10 years. This means that the savings on electricity bills over this period will cover the cost of the initial investment in the solar panels.
It’s important to note that this is just a rough estimate, and the actual payback period may be shorter or longer depending on the specific details of a particular installation. If you are considering installing solar panels, it’s a good idea to get a professional assessment to determine the best system for your needs and to get a more accurate estimate of the payback period.
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