Cost Of Solar Panels In Delaware

After accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net price you ll pay for solar can fall by thousands of dollars.

Cost of solar panels in delaware. Considering an average delaware installation price of 16 650 for a 5kw system you will see an immediate return of 4995 federal rebate and an estimated first year savings of around 819 in energy costs. After the 26 federal tax credit you can expect to pay around 12 299. What is the current average solar panel cost in delaware based on current offers. 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.

If you design a home solar system to produce that much electricity you d need thirty 325 watt solar panels for a total system size of 9 8 kw. Based on the price of electricity in delaware an average of 0 13 per kw and medium amounts of sun 2 less than average compared to other states solar power is 8 more cost effective than the rest of the nation. As of june 2020 the average cost of solar panels per watt in delaware is 3 64 watt. As of aug 2020 the average cost of solar panels in delaware is 2 65 per watt making a typical 6000 watt 6 kw solar system 11 757 after claiming the 26 federal solar tax credit now available.

Delaware s average cost of a solar panel installation ranges from 11 305 to 15 295. That s a ton of money. Solar panels in delaware cost about 13 850 with average prices for a solar panel system ranging from 11 772 to 15 928 in the us for 2020 according to energysage. This puts your first year investment at only 8586.

As of september 2020 the average solar panel cost in delaware is 2 66 w. Given a solar panel system size of 5 kilowatts kw an average solar installation in delaware ranges in cost from 11 305 to 15 295 with the average gross price for solar in delaware coming in at 13 300. The cost of your system would be just about 27 000 up front but solar incentives in delaware and the u s. This is the estimated cost of installing a 6kw solar system before deducting solar tax credits.

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. Additionally you can sell your first year srecs for an estimated 2250. Another calculation that potential solar buyers have to consider is the solar payback period. A typical 6000 watt 6 kw solar system is 21 828 before the federal solar credit and 16 153 after claiming the federal solar tax credit.

Will take care of a huge chunk of that. On a cost per watt w basis a solar panel installation in delaware ranges in price from 2 26 to 3 06. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt.