How Much Does A 4kw Solar Panel System Cost

National data september 2020.

How much does a 4kw solar panel system cost.

Installation of panels for the average 5kw system ranges from 11 100 22 400. There are three types common in the residential market. You ll pay anywhere from 0 70 to 1 50 per watt to purchase a solar panel. Average solar panel cost.

The next thing you probably want to know is how much a 4kw installation will set you back. Residential solar energy costs 0 08 to 0 10 per kwh on average and commercial or utility scale solar power costs 0 06 to 0 08 per kilowatt hour. Each one has its own pros and cons from price to efficiency. Prices include the federal solar tax credit itc and vary drastically based on the amount of sunlight and type of solar panels installed.

The national renewable energy lab studied installation costs for residential solar in 2016 and found the average cost for residential solar to be around 3 per watt. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. 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. Solar power systems are very custom based on the home roof type shading and utility.

That means that the total cost for a 4 000 watt 4kw solar system would be 8 614 after the 26 federal itc discount not factoring in any additional state rebates or incentives. As of july 2020 the average cost of solar in the u s.