Cost Of 1 5 Kw Solar Panel System

Solar panel cost analysis.

Cost of 1 5 kw solar panel system. National data september 2020. That means that the total 5kw solar system cost would be 10 767 after the 26 federal itc discount not factoring in any additional state rebates or incentives. What are homeowners paying in your state. As solar technology prices have come down in recent years however most homes are now tending to opt for larger systems in the 2kw to 5kw range.

A 5 kw solar inverter for a home system costs 1 000 to 2 000 for a single phase model and 1 500 to 3 000 for a premium 3 phase model. Is 2 91 per watt 14 550 for a 5 kilowatt system. An inverter converts the current from the panels into an electric voltage that s compatible with your home. The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt.

Inverter prices depend on the size quality and features. Average solar panel cost. This article takes a look at the case for installing a 1 5kw solar system in current australian market conditions.