Per Watt Solar Panel Cost

Kilowatts shouldn t be confused with kilowatt hours which is the metric to show you how much electricity your system produces.

Per watt solar panel cost.

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. 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. Drill down to see who s offering the best solar panel prices in your state or city. Solar shoppers in california massachusetts and everywhere in between saw low cost solar options for their homes.

There are three types common in the residential market. Solar panel price per kilowatt hour. There are many affordable solar panel and inverter types. 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. 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. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. This price will vary if a project requires special adders like ground mounting a main panel upgrade ev charger etc.

The good news is that prices have dropped significantly declining 61 percent since 2010 according to nrel. 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. Therefore if the solar panel output is 250 watts that single panel might cost you 187 50. Solar companies can typically get a single solar panel at a price of 0 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.