How Much Do Residential Solar Panels Cost

That means the average 5 kw residential system will cost 15 000 25 000 prior to tax credits or incentives.

How much do residential solar panels cost.

The average cost for a residential system is currently 3 5 per watt. The cost of a solar electric system is measured in dollars per watt. A typical solar panel ranges from 150 350 watts so for this example we ll cut right down the middle and use a 250 watt solar panel. 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 panel costs for an average sized installation in the u s. Commercial solar costs 1 83 per watt on average. There are three types common in the residential market. Each one has its own pros and cons from price to efficiency.

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 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. You ll pay anywhere from 0 70 to 1 50 per watt to purchase a solar panel.

That cost is before any tax credits. Solar energy cost per kwh. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. 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.

With installation an average residential 5kw size system costs between 3 and 5 per watt according to the cse which results in the 15 000 to 25 000 range. 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.