Current Cost Per Watt For Solar Panels

Solar panels cost 1 77 to 2 20 per watt and a 6 kw solar panel installation for the average home costs from 10 626 to 13 230 after the 30 federal solar tax credit.

Current cost per watt for solar panels. As of sep 2020 the average cost of solar panels in colorado is 2 5 per watt making a typical 6000 watt 6 kw solar system 11 078 after claiming the 26 federal solar tax credit now available. 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. The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage. 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.

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. 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 panel cost data colorado 2020 updated. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt.

Therefore if the solar panel output is 250 watts that single panel might cost you 187 50. Solar companies can typically get a single solar panel at a price of 0 75 per watt.