Per Watt Solar Panels Cost

However the cost of solar power changes depending on the size of the system required your eligibility for solar incentives the type of equipment used and even on the province that you live in.

Per watt solar panels cost.

Installing a solar panel system costs an average of 23 597 and dropping most homeowners pay between 16 532 and 30 820 expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Solar panel cost data 2020 updated. The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system. That s how we arrive at the total wattage of your system the combined wattage of all the solar panels in the system.

Solar panels cost 1 77 to 2 20 per watt and a 6 kw solar panel installation for the average home costs from 10 626 to 13 230 after the 30 federal solar tax credit. This is a factor of economy of scale. The average cost of installed residential solar power systems is currently 2 64 per watt a typical 6kw system costs 11 722 after claiming the 26 solar tax credit. For 5 000 watt systems if you re using a 300 watt panel 17 solar panels will be used to make up that 5 000 watt system.

With energy prices on the rise this may be the perfect time. Solar panel cost per watt increasing factors smaller systems. 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. Get free estimates from solar installers near you or view our cost guide below.