Average Cost Of Photovoltaic Solar Panels

How does system size impact the cost of solar.

Average cost of photovoltaic solar panels. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. For instance the most popular solar panels are the ones made from monocrystalline silicon photovoltaic cells. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house.

These types of solar panels are much more efficient in converting the energy of the sun into usable electricity but they are much more expensive to make thus costing more. The average cost of installed residential solar power systems is currently 2 60 per watt. Given a solar panel system size of 5 kilowatts kw an average solar installation in north carolina ranges in cost from 11 602 to 15 698 with the average gross price for solar in north carolina coming in at 13 650. The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Most homeowners pay between 16 532 and 30 820. 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.

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. 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. With the average system size tallying in at 6 kilowatts this means. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range.