How Much Does A 4kw Solar Panel System Cost

National data september 2020.

How much does a 4kw solar panel system cost.

Average solar panel cost. As of july 2020 the average cost of solar in the u s. You ll pay anywhere from 0 70 to 1 50 per watt to purchase a solar panel. Is 2 91 per watt 11 640 for a 4 kilowatt solar system.

There are three types common in the residential market. Solar power systems are very custom based on the home roof type shading and utility. Prices include the federal solar tax credit itc and vary drastically based on the amount of sunlight and type of solar panels installed. Installation of panels for the average 5kw system ranges from 11 100 22 400.

With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. Each one has its own pros and cons from price to efficiency. 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. Solar energy cost per kwh.

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. Using this amount we estimate that a 4kw installation costs about 12 000.