How Much Does Solar Panels Cost Per Watt

For the sake of example if you are getting 5 hours of direct sunlight per day in a sunny state like california you can calculate your solar panel output this way.

How much does solar panels cost per watt.

As of september 2020 the average solar panel cost in california is 2 99 w. Standard solar panels cost anywhere from 70 cents to 1 20 per watt depending on their output quality and where they are manufactured. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. Given a solar panel system size of 5 kilowatts kw an average solar installation in california ranges in cost from 12 708 to 17 192 with the average gross price for solar in california coming in at 14 950.

Each one has its own pros and cons from price to efficiency. Solar panel cost per watt is now only 2 50 in some states making a 6kw system only 10 500 after claiming the solar tax credit. Drill down to see who s offering the best solar panel prices in your state or city. When you look at more specialized panels that are manufactured in lower quantities the price climbs up above 2 watt.

5 hours x 290 watts an example wattage of a premium solar panel 1 450 watts hours or roughly 1 5 kilowatt hours kwh. Given a solar panel system size of 5 kilowatts kw an average solar installation in florida ranges in cost from 11 262 to 15 238 with the average gross price for solar in florida coming in at 13 250. The good news is that prices have dropped significantly declining 61 percent since 2010 according to nrel. Kilowatts shouldn t be confused with kilowatt hours which is the metric to show you how much electricity your system produces.

If those numbers seem low remember that an installation has added costs thanks to the inverters solar batteries and other additional equipment needed for a complete solar energy system. How much energy does a solar panel produce. As of september 2020 the average solar panel cost in florida is 2 65 w. Residential solar panels cost 2 53 to 3 15 per watt with most homeowners spending 2 70 per watt on average before any tax credits or incentives.

Solar panel cost per watt example 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 system costs in 2020 grid tied. The cost per watt installed in the united states varies significantly by state customer type and system size with median prices ranging from 3 2 w to 4 5 w according to berkeley lab s tracking the sun report. There are three types common in the residential market.

Commercial solar costs 1 83 per watt on average. For those looking for a range for the cost of panels it will run from as low as 0 85 per watt to 1 25 per watt with output ranging from 150w to 350w for a typical solar panel.