Current Cost Per Watt For Solar Panels

Three dollars per watt 3 w means that for a 5 kilowatt system a common solar system size the gross system cost will be 15 000.

Current cost per watt for solar panels.

The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage. Solar companies can typically get a single solar panel at a price of 0 75 per watt. However if a homeowner is trying to buy one or two panels on their own for a small diy project they will likely pay closer to 1 per watt. 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 panels cost 1 77 to 2 20 per watt and a 6 kw solar panel installation for the average home costs from 10 626 to 13 230 after the 30 federal solar tax credit. Solar energy costs 0 08 to 0 10 per kwh to produce on average depending on your location. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. Kilowatts shouldn t be confused with kilowatt hours which is the metric to show you how much electricity your system produces.

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. With the average system size tallying in at 6 kilowatts this means.