Per Watt Solar Panel Cost

The good news is that prices have dropped significantly declining 61 percent since 2010 according to nrel.

Per watt solar panel cost.

However if a homeowner is trying to buy one or two panels on their own for a small diy project they will likely pay closer to 1 per watt. There are three types common in the residential market. Solar shoppers in california massachusetts and everywhere in between saw low cost solar options for their homes. Ultimately there are many factors that figure into the price per watt of a solar system but the average cost is typically as low as 2 75 per watt.

The average cost of solar panels has fallen 65 from 7 34 per watt in 2010 to 2 53 per watt in 2019. Solar panel price per kilowatt hour. Therefore if the solar panel output is 250 watts that single panel might cost you 187 50. Kilowatts shouldn t be confused with kilowatt hours which is the metric to show you how much electricity your system produces.

You don t have to choose between only two brands to get the best value solar cell or price per watt which is great news. A standard 6 kw residential solar system has dropped from 44 000 down to 15 200 over the past decade not including the federal solar tax credit. Each one has its own pros and cons from price to efficiency. Solar panel cost per watt is now only 2 50 in some states making a 6kw system only 10 500 after claiming the solar tax credit.

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. There are many affordable solar panel and inverter types. Solar companies can typically get a single solar panel at a price of 0 75 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.

Drill down to see who s offering the best solar panel prices in your state or city.