Average Price Of Solar Panels Per Watt

Is 2 91 per watt.

Average price of solar panels per watt. Solar panel cost data 2020 updated. The average cost of installed residential solar power systems is currently 2 64 per watt a typical 6kw system costs 11 722 after claiming the 26 solar tax credit. The average cost of solar panels has fallen 65 from 7 34 per watt in 2010 to 2 53 per watt in 2019. However the cost of solar power changes depending on the size of the system required your eligibility for solar incentives the type of equipment used and even on the province that you live in.

With energy prices on the rise this may be the perfect time. Installing a solar panel system costs an average of 23 597 and dropping most homeowners pay between 16 532 and 30 820 expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Cost of solar power in canada 2020. As of july 2020 the average cost of solar in the u s.

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. With the average system size tallying in at 6 kilowatts this means. This comes out to 26 190 for a 9 kilowatt system before federal tax incentives so the net cost of a 9 kw solar energy system would be 19 381 this cost doesn t factor in any state or utility rebates and incentives for going solar. Solar panel cost is affected by many factors such as the state you live in solar panel brand and total system size.

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. The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system.