No! Solar panel costs have dropped 5X over the last decade making them economically competitive with traditional power projects. In addition, panels are also more efficient which has reduced the overall project and operating cost. That means less racking, wiring, labor and maintenance.
There are several variables to consider when figuring out the payback period of your system. What is the existing power rate at your existing plant? What is the geographic multiplier in the area of your installed panels? The payback period will typical range from 3-6 years.
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