Cost Of Consumer Solar Panels

The price of solar panels especially from china has dropped sharply in recent years fueling consumer demand and a booming business for u s.

Cost of consumer solar panels. With installation an average residential 5kw size system costs between 3 and 5 per watt according to the cse which results in the 15 000 to 25 000 range. Solar panel cost data 2020 updated. 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. Usually range from 11 144 to 14 696 after solar tax credits and the average price per watt for solar panels ranges from 2 51 to 3 31.

In 2019 a federal solar tax credit lets you deduct 30 percent of the cost of installing. That cost is before any tax credits. In some parts of the country you can pay as little as 8 cents per kwh. Vivint solar provides solar panels and a product line of solar batteries powerful chargers and smart home apps to customers in 22 states.

In others you ll pay 20 cents or more. Estimates are based on the average rate of decline. You pay your utility company for every kilowatt hour kwh of electricity you use and your rate varies significantly depending on where you live. It usually costs 15 000 to 20 000 after tax credits and can reduce your electricity bill by 70 to 100 percent depending on the size and.

The panasonic n series of panels are a good quality solar panel with a top efficiency on their 330 watt monocrystalline system of 19 7 and a very impressive temperature coefficient of 0 29 a figure which is equal best with the market leader sunpower. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Buying your solar electric system outright is best. September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt.

Cost of solar panels over time the average cost of solar panels has fallen 65 from 7 34 per watt in 2010 to 2 53 per watt in 2019.