How Much Do Residential Solar Panels Cost

That cost is before any tax credits.

How much do residential solar panels cost.

With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. Solar systems have ratings based on the electricity produced annually in average conditions. 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. Given a solar panel system size of 5 kilowatts kw an average solar installation in florida ranges in cost from 11 262 to 15 238 with the average gross price for solar in florida coming in at 13 250.

Each one has its own pros and cons from price to efficiency. That means the average 5 kw residential system will cost 15 000 25 000 prior to tax credits or incentives. Solar energy cost per kwh. You ll pay anywhere from 0 70 to 1 50 per watt to purchase a solar panel.

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. Commercial solar costs 1 83 per watt on average. 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.

Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. 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. The cost of a solar electric system is measured in dollars per watt. The average cost for a residential system is currently 3 5 per watt.

Solar panel costs for an average sized installation in the u s. 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.