Cost Of Solar Panels Over Time Graph

Panel prices increased about 20 in early 2018 about the same time that the us took steps to implement tariffs on imported solar panels but since then have resumed their downward trajectory.

Cost of solar panels over time graph. How does system size impact the cost of solar. A standard 6 kw residential solar system has dropped from 44 000 down to 15 200 over the past decade not including the federal solar tax credit. 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. 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.

In 2010 solar panels cost about 2 50 per watt but by early 2017 that had fallen to just 0 38 per watt. Cost of solar panels over time the average cost of solar panels has fallen 65 from 7 34 per watt in 2010 to 2 53 per watt in 2019. National data september 2020. The average cost of solar panels has gone from 76 67 watt in 1977 to just 0 698 watt today the second figure is according to pvinsights and is even lower than the 2013 projected price in the chart below.

Estimates are based on the average rate of decline. Lastly here s some context on the historical price of solar power systems over the past 20 years. This chart shows the average cost to install a residential solar power system for every year dating back to 1998. 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.

Bloomberg new energy finance bnef. This data has been stitched together from reports by seia and nrel. 10 cost of solar panels cost of solar power charts 1. Solar panel cost in 2020.