How Much Is One Solar Panel Worth

On average installation and the system together can run between 15 000 and 25 000.

How much is one solar panel worth.

Solar panel cost is often measured as the cost per watt of solar. 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. While cheap solar panels might feel like the easiest way to save some cash your total 20 year savings will often be higher if you invest in high quality equipment. This makes it easy to compare the relative value of solar systems of different sizes in terms of the watts of power they can produce.

Our data shows that the average cost of a residential solar system in 2020 is 3 18 per watt before the federal tax credit. The addition of solar panels tends to add significant value to a home. Installation prices will vary significantly depending on the solar company you choose and the equipment you install. But the true cost of solar panels and whether they ll help you save money depends on a few key factors.

Solar panels and home value. Solar companies that purchase in bulk typically spend 0 75 per watt whereas homeowners spend 1 per watt. At least one study from the lawrence berkeley national lab lbl shows that you don t even have to live in a bright southwestern state to reap financial rewards from solar panels. The cost of solar panels can vary depending on the size and layout of your home as well as its location.