A major obstacle to solar module recycling is the cost associated with collecting and processing end-of-life modules. We recently reported a multi-step recycling process to breakdown wafer-silicon modules and recover all the valuable, bulky and toxic materials including solar-grade silicon, silver, aluminum frame, glass, copper, tin and lead. This paper presents a study on the financial and environmental sustainability of our recycling process. At today’s prices for silver and solar-grade silicon, this process can produce at least $15/module from the recovered materials and potentially enable a profitable recycling business for silicon modules without any government support. The risk in recycling revenue is future silver-free modules and lower solar-grade silicon prices, but additional revenues can be generated by recovering the glass unbroken and clean, resulting in $17.50/module in revenue. A network for collecting end-of-life modules is proposed based on the current distribution network for solar modules to contain the collection cost. To avoid hydrofluoric wastes from the recycling process, alternatives need to be found for the fluoropolymer backsheet and silicon nitride layer in silicon modules.