How is the payback period calculated?

The payback period is the time it takes for the benefits of the system to outweigh the costs.

Easy PV calculates how much is saved on the electricity bill and earned from exporting across the payback period, using the selected tariffs and factoring in any financial projection settings. It then similarly calculates any costs incurred across the payback period including the upfront cost, finance payments and any maintenance costs. 

Take a look at our guide on using the financial task for additional information and please reach out at help@easy-pv.co.uk or help@easy-pv.ie if you're having any trouble.