Solar Panel System Cost Per Watt

You ll pay anywhere from 0 70 to 1 50 per watt to purchase a solar panel.

Solar panel system cost per watt.

The cost per watt installed in the united states varies significantly by state customer type and system size with median prices ranging from 3 2 w to 4 5 w according to berkeley lab s tracking the sun report. September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. As of july 2020 the average cost of solar in the u s.

This comes out to 26 190 for a 9 kilowatt system before federal tax incentives so the net cost of a 9 kw solar energy system would be 19 381 this cost doesn t factor in any state or utility rebates and incentives for going solar. Solar panel cost per watt example three dollars per watt 3 w means that for a 5 kilowatt system a common solar system size the gross system cost will be 15 000. For those looking for a range for the cost of panels it will run from as low as 0 85 per watt to 1 25 per watt with output ranging from 150w to 350w for a typical solar panel. Solar panel cost data 2020 updated.

Is 2 91 per watt. In california where the average system required is 4 23 kw solarreviews research data shows that the average solar panel installation cost as of jan 2020 is 2 78 per watt meaning the 4 23 kw system would be 11 753 before the solar tax credit and 8 701 after the federal tax credit. If those numbers seem low remember that an installation has added costs thanks to the inverters solar batteries and other additional equipment needed for a complete solar energy system. The good news is that prices have dropped significantly declining 61 percent since 2010 according to nrel.

Let s look into what determines solar cost per watt what increases it and what decreases it. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. There are three types common in the residential market. Each one has its own pros and cons from price to efficiency.