How Much Money Does One Solar Panel Cost

Installation of panels for the average 5kw system ranges from 11 100 22 400.

How much money does one solar panel cost.

Solar power systems are very custom based on the home roof type shading and utility. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. Solar panels cost money upfront but will save you money in the long term the average home can save between 10 000 and 30 000 over the lifetime of your solar panel system start comparing custom quotes on the energysage marketplace to see your estimated savings from solar. Simply put the more energy you want to generate the more solar equipment you ll need to get.

What you ll pay for solar panels varies by your state and the size of the solar panel system. National data september 2020. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 60 per watt. Solar companies that purchase in bulk typically spend 0 75 per watt whereas homeowners spend 1 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.