How Much Solar Panels Cost

The average cost of solar panels is less than half what it was ten years ago.

How much solar panels cost.

You ll pay anywhere from 0 70 to 1 50 per watt to purchase a solar panel. Solar power systems are very custom based on the home roof type shading and utility. It would be a point no. The panels now are a commodity rather than the big cost driver of the total system that they use to be.

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 panel costs for an average sized installation in the u s. Premium panels can climb above 1 per watt depending on their size quality and where they are manufactured. There are three types common in the residential market.

Usually range from 11 144 to 14 696 after solar tax credits and the average price per watt for solar panels ranges from 2 51 to 3 31. A typical mid range quality solar pv panel rated at 320 watts and will cost between 200. 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 companies that purchase in bulk typically spend 0 75 per watt whereas homeowners spend 1 per watt.

So if you add all the other components labor design permits etc as a rule of thumb assume a ground mounted system will run about 1100 per panel. Installation of panels for the average 5kw system ranges from 11 100 22 400. As of the time we updated this page june 2020 most solar panel prices fall in the range of 60 cents to 70 cents per watt. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt.