Diy Solar Panel Cost Per Watt

If you are not a solar installer and are considering doing a diy solar panel installation on your home you will likely have to pay retail prices for each panel.

Diy solar panel cost per watt.

On the other hand you should be able to buy a 5 kw diy solar panel kit for under 2 00 per watt. Commercial solar costs 1 83 per watt on average. After the 30 solar tax credit the total price of hard costs becomes 7 741 99. 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.

For a typical 5 kw 5 000 watt solar panel system that works out to 15 000. Solar companies can typically get a single solar panel at a price of 0 75 per watt. There s no doubt that regardless of how you finance your solar panel system going solar will be an economical process with strong returns. In california where the average system required is 4 23 kw solarreviews research data shows that the average solar panel installation cost as of jan 2020 is 2 78 per watt meaning the 4 23 kw system would be 11 753 before the solar tax credit and 8 701 after the federal tax credit.

The general rule of thumb is that installers who buy in bulk pay around 0 85 per watt while retail consumers pay around 1 per watt. As of july 2019 the average solar panel system cost is 11 059 98. This is for an 8kw grid tied system with permit plans. Which works out to being 1 38 per watt.

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 systems have ratings based on the electricity produced annually in average conditions. Assuming you perform all of the work by yourself i e. Kilowatts shouldn t be confused with kilowatt hours which is the metric to show you how much electricity your system produces.

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. Solar energy cost per kwh. Right now the average cost of solar panel installation by a professional solar company is around 3 00 per watt. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit.

September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt. In 2020 the average solar energy price is around 2 91 per watt.