How Much Is The Price Of Solar Panel

Solar panel costs for an average sized installation in the u s.

How much is the price of solar panel.

Installation cost of a photovoltaic system installation are vary depending on your home situation. How much do solar panels cost in 2020. Solar companies that purchase in bulk typically spend 0 75 per watt whereas homeowners spend 1 per watt. The cost has generally been following swanson s law which states that the price of solar drops by 20 for every doubling of shipped product.

Today it s around 0 13 per watt or about 600 times less. For the sake of comparison we will start with the standard 60 cell or 72 cell panels that we use by default in our system packages. If you are buying pv panels and like to save on your electrical energy bills you have to prepare your project. This comes out to 26 190 for a 9 kilowatt system before federal tax incentives so the net cost of a 9 kw solar energy system would be 19 381 this cost doesn t factor in any state or utility rebates and incentives for going solar.

Is 2 91 per watt. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 60 per watt. Decline in price of residential solar since 2000. One 150 to 300 watt solar panel costs 112 to 450 on average or between 0 75 to 1 50 per watt depending on the type of panel energy efficiency rating and size.

How much does a 9 kw solar system cost. Back in 1977 the price of solar photovoltaic cells was 77 for just one watt of power. Solar panel price per kilowatt hour. 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.

Let s get right to the good stuff. 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. As of july 2020 the average cost of solar in the u s. 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.