To calculate the Return on Solar Panels:
ROSP=(E×CECSP)×100
Where:
Return on Solar Panels (ROSP) is a measure of the financial benefit of installing solar panels. It represents the annual return on investment as a percentage of the initial cost of the solar panels. This calculation helps to determine how effective the solar panels are at generating financial returns through energy savings.
Let's assume the following values:
Using the formula:
ROSP=(5000×0.1020000)×100=2.5%
The return on solar panels is 2.5% per year.