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Electric vehicles help slash payback periods for residential PV – pv magazine Australia

Combining a 4 kW residential solar rooftop system with battery storage of a similar size, and a small EV with 35 kWh capacity, would ensure a payback time of four years for the lot in Britain in 2025. With feed-in and export tariffs largely phased out, and discounted VAT on solar products set to be removed, the payback period for just the solar system could be more than 20 years, with a return on investment rate of minus-3%.

Britain’s solar industry is not alone in facing a steady reduction in subsidies for residential solar, with other European markets planning an incremental phase out…

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