Cost Of 1 Watt Solar Panel

The cost per watt installed in the united states varies significantly by state customer type and system size with median prices ranging from 3 2 w to 4 5 w according to berkeley lab s tracking the sun report.

Cost of 1 watt solar panel. If those numbers seem low remember that an installation has added costs thanks to the inverters solar batteries and other additional equipment needed for a complete solar energy system. 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. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. You ll pay anywhere from 0 70 to 1 50 per watt to purchase a solar panel.

Solar systems have ratings based on the electricity produced annually in average conditions. Commercial solar costs 1 83 per watt on average. Kilowatts shouldn t be confused with kilowatt hours which is the metric to show you how much electricity your system produces. The good news is that prices have dropped significantly declining 61 percent since 2010 according to nrel.

Solar panel cost per watt 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. Each one has its own pros and cons from price to efficiency.