Average Cost Per Watt Solar Panel

This is a factor of economy of scale.

Average cost per watt solar panel. 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. That s how we arrive at the total wattage of your system the combined wattage of all the solar panels in the system. The average cost of solar panels has fallen 65 from 7 34 per watt in 2010 to 2 53 per watt in 2019. Cost of solar power in canada 2020.

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. With the average system size tallying in at 6 kilowatts this means. Therefore if the solar panel output is 250 watts that single panel might cost you 187 50. The average cost 3 36 per watt of the average solar system 5 kw in the united states is approximately 11 410.

The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system. 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. 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.

Solar companies can typically get a single solar panel at a price of 0 75 per watt. With energy prices on the rise this may be the perfect time. There s more to the solar cost story it s great that we ve arrived at the average cost of a solar system installation but as you may have guessed there are many different factors that influence what the cost of solar would. In utah another very competitive solar market where the average system size needed is 5 7 kw and the average system cost per watt is 2 73 the average cost of an installed residential solar system is 15 561 before the tax credit and around 11 515 after the 26 solar tax credit.

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. 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. 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.