There s no doubt that regardless of how you finance your solar panel system going solar will be an economical process with strong returns.
Solar cell price per watt.
Therefore if the solar panel output is 250 watts that single panel might cost you 187 50.
Kilowatts shouldn t be confused with kilowatt hours which is the metric to show you how much electricity your system produces.
While panels themselves cost 0 70 to 1 50 per watt the price to install solar panels costs 3 20 per watt.
This price will vary if a project requires special adders like ground mounting a main panel upgrade ev charger etc.
Solar companies can typically get a single solar panel at a price of 0 75 per watt.
In 2020 the average solar energy price is around 2 91 per watt.
Solar panel cost per watt example.
This includes operational costs and permits in addition to parts and labor.
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.
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.
You can also lease a solar energy system.