How Much Per Watt Does Solar Cost

So let s do the math.

How much per watt does solar cost. 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. But wait don t forget about the solar investment tax credit. With this credit you save 30 of your total solar installation cost through a tax credit.

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. How does system size impact the cost of solar. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. When we take this 30 credit out of.

The price per watt ppw of a solar system is the price that the homeowner will pay for every watt of solar being installed. Solar panel price per watt. The average cost for a residential system is currently 3 5 per watt. The average cost of installed residential solar power systems is currently 2 53 per watt a typical 6kw system costs 11 248 after claiming the 26 solar tax credit.

That means the average 5 kw residential system will cost 15 000 25 000 prior to tax credits or incentives. Solar panel cost data 2020 updated. With energy prices on the rise this may be the perfect time. The solar roof tiles cost 2 85 per watt and the inactive shingles cost 5 60 per square foot.

Solar panel cost per watt example. 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. 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. For 2017 the average cost per watt of solar systems in the us is 3 26 cents.

If we multiply 5 000 watts by 3 26 we get 16 300. The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system. Let s look into what determines solar cost per watt what increases it and what decreases it. The cost of a solar electric system is measured in dollars per watt.

Solar cost per watt gross system cost total system wattage. Cost of solar power in canada 2020. The actual total cost of a tesla solar roof will depend on the size of your home and your monthly energy usage. Find out how much solar will cost for your specific roof.