Solar Panel Cost Per Watt Chart

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.

Solar panel cost per watt chart.

This is higher 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. Over a decade ago in 2009 the cost of a solar panel installation was 8 50 per watt. Cost per watt is used when talking about the relative value of residential solar systems rather than total cost because it allows us to compare systems of different sizes.

In addition to solar panel efficiency increasing dramatically solar panel producers have significantly improved their manufacturing processes. 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 companies can typically get a single solar panel at a price of 0 75 per watt. When you look at more specialized panels that are manufactured in lower quantities the price climbs up above 2 watt.

Kilowatts shouldn t be confused with kilowatt hours which is the metric to show you how much electricity your system produces. Cost of solar power in canada 2020. Standard solar panels cost anywhere from 70 cents to 1 20 per watt depending on their output quality and where they are manufactured. The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system.

Solar systems have ratings based on the electricity produced annually in average conditions. Solar panel cost per watt example. A tale of falling prices. Solar panel cost data california 2020 updated.

As of sep 2020 the average cost of solar panels in california is 2 68 per watt making a typical 6000 watt 6 kw solar system 11 877 after claiming the 26 federal solar tax credit now available. Commercial solar costs 1 83 per watt on average. Cost of solar panels over time. Here at solarreviews we are seeing homeowners who search for competitive quotes finding solar panel costs per watt as low as 2 00 in some states although the average remains at 2 60 per watt.

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. 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. The solar industry today looks very different. The good news is that prices have dropped significantly declining 61 percent since 2010 according to nrel.

If you re installing one panel high quality high output options are ideal.