Solar capital and simple payback (SPP) calculator
Solar capital and simple payback
Use realistic annual savings rather than peak irradiance times every hour.
Units
SPP=SyearA×carea
SPP=SyearA×carea
Calculator
Enter the values you know and leave one box empty. Calculate finds the empty one, the result or any input.
Worked example
Given
- A = 360 ft²
- carea = 74 $/ft²
- Syear = 3,800 $/yr
SPP=3800360×74≈7.011
Given
- A = 35 m²
- carea = 800 $/m²
- Syear = 4,000 $/yr
SPP=400035×800=7
Symbols and units
| Symbol | Meaning | Unit |
| SPP | simple payback | yr |
| A | collector area | ft² |
| carea | installed cost per area | $/ft² |
| Syear | net annual savings | $/yr |
| Symbol | Meaning | Unit |
| SPP | simple payback | yr |
| A | collector area | m² |
| carea | installed cost per area | $/m² |
| Syear | net annual savings | $/yr |
Results are estimates for study and screening. Check the inputs, units and assumptions before you use them for design, billing or contract decisions.