Diy Solar Panel Cost Per Watt

Solar panel cost data 2020 updated.

Diy solar panel cost per watt.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. For a typical 5 kw 5 000 watt solar panel system that works out to 15 000. If you are not a solar installer and are considering doing a diy solar panel installation on your home you will likely have to pay retail prices for each panel. September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt.

Solar panel cost per watt example 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. After the 30 solar tax credit the total price of hard costs becomes 7 741 99. 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. Solar systems have ratings based on the electricity produced annually in average conditions.

On the other hand you should be able to buy a 5 kw diy solar panel kit for under 2 00 per watt. This is for an 8kw grid tied system with permit plans. In california where the average system required is 4 23 kw solarreviews research data shows that the average solar panel installation cost as of jan 2020 is 2 78 per watt meaning the 4 23 kw system would be 11 753 before the solar tax credit and 8 701 after the federal tax credit. Right now the average cost of solar panel installation by a professional solar company is around 3 00 per watt.

As of july 2019 the average solar panel system cost is 11 059 98. In 2020 the average solar energy price is around 2 91 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. Solar energy cost per kwh.

Kilowatts shouldn t be confused with kilowatt hours which is the metric to show you how much electricity your system produces. Which works out to being 1 38 per watt. Assuming you perform all of the work by yourself i e. Commercial solar costs 1 83 per watt on average.

There s no doubt that regardless of how you finance your solar panel system going solar will be an economical process with strong returns. 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.