Current Cost Per Watt For Solar Panels

Kilowatts shouldn t be confused with kilowatt hours which is the metric to show you how much electricity your system produces.

Current cost per watt for solar panels.

Solar panels cost 1 77 to 2 20 per watt and a 6 kw solar panel installation for the average home costs from 10 626 to 13 230 after the 30 federal solar tax credit. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. Therefore if the solar panel output is 250 watts that single panel might cost you 187 50. 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. Solar panel cost data colorado 2020 updated. 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. Three dollars per watt 3 w means that for a 5 kilowatt system a common solar system size the gross system cost will be 15 000.

Solar energy costs 0 08 to 0 10 per kwh to produce on average depending on your location. Solar companies can typically get a single solar panel at a price of 0 75 per watt.