Solar Share
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What Is the SolarShare ROI Calculator?

The SolarShare ROI Calculator is an interactive online tool that helps you estimate the return on investment (ROI) for solar systems offered by SolarShare. Using simple sliders and clear product options, this calculator shows you key financial metrics—such as payback period, net present value (NPV), and internal rate of return (IRR)—all updated in realtime as you adjust your inputs.

How Does It Work?

The calculator is built on some basic concepts, explained here in everyday language:

  • Solar System Options:
    You can choose from three SolarShare products:
    • SolarShare Balance (5.6 kW Solar / 5 kW Inverter / 28 kWh Battery Storage)
      “Power for Day and Night—Perfectly Balanced.”
      Designed for those who need reliable 24/7 solar power.
    • SolarShare Prime (5.6 kW Solar / 5 kW Inverter / 14 kWh Battery Storage)
      “Maximize Your Daylight Power.”
      Ideal for users who primarily want to harness solar energy during the day.
    • SolarShare Essentials (2.8 kW Solar / 3 kW Inverter / 14 kWh Battery Storage)
      “Your Foundation for Sustainable Energy.”
      A cost-effective, entry-level system perfect for starting your solar journey.
  • Interactive Sliders:
    Instead of typing numbers into boxes, you can simply adjust sliders to set:
    • Number of Systems: How many units you plan to purchase.
    • Utilization (%): The percentage of the system’s maximum output you expect to use or sell.
    • Baseline Daily Sunlight (hrs): Your average daily sun hours.
    • Electricity Rate (₦/kWh): The current price or savings rate on electricity. (Our slider now ranges from ₦50 to ₦1000 per kWh!)
  • Realtime Results:
    As you adjust these sliders, the calculator immediately updates important financial metrics:
    • Payback Period: How long it might take for the savings to cover your initial investment.
    • Net Position After 5 and 10 Years: Your cumulative gains (or losses) over time.
    • NPV (Net Present Value): A calculation that shows the current value of future savings; a positive NPV indicates a profitable investment.
    • IRR (Internal Rate of Return): A percentage that helps you compare this project with other investment opportunities.
  • Technical Details in a Nutshell:
    For those who want to dive a little deeper, the calculator also displays a brief technical overview of your chosen product—including details about the solar panels, inverter, and battery storage—in a smaller font.

What’s Behind the Numbers?

Our calculator uses a straightforward algorithm to project your solar system’s performance:

  • Seasonal Variation: The tool adjusts for different sun hours throughout the year.
  • Panel Degradation: It accounts for a small yearly drop in efficiency (about 1% per year).
  • Rising Electricity Prices: It factors in an annual increase of around 5% in electricity prices, meaning your savings could grow over time.
  • Financial Calculations: The algorithm then uses these inputs to estimate cash flows over a 10‑year period, calculates a 5‑year NPV using an 11% discount rate, and determines the IRR through a numerical method.

A Word of Caution

Disclaimer: Based on the projected values above, this project is estimated to be viable (or not) according to the calculator’s metrics. However, this tool is for informational purposes only and should not be used as the sole basis for any financial decision. The algorithm uses simplified assumptions and calculations to provide an estimate. Please consult a financial advisor or solar expert for personalized advice.

Why Use the SolarShare ROI Calculator?

Investing in solar energy can be a big decision. With our easy-to-use calculator, you can:

  • Visualize Your Investment: See how changes in system size, usage, and electricity rates impact your returns.
  • Make Informed Decisions: Understand key financial metrics in simple terms.
  • Explore Different Options: Compare SolarShare products to find the best fit for your needs.

Try out the SolarShare ROI Calculator today and take the guesswork out of your solar investment decision. It’s your first step toward a more sustainable and cost-effective energy future!