How much is one solar panel
Find out how much solar PV panels cost. We’ve splitprices by system size, type of property, and how much electricity they generate to assist you in determining the cost of .
Solar panels typically cost between $0.70 and $1.50 per watt but can range from $0.30 to $2.20 per watt. A typical 250-watt panel costs between $175 and $375. The average homeowner pays between $3,910 and $6,490 for an entire solar system. Panels range in price from $1,890 to $13,600.
This cost is determined by several factors:
- Dimensions of the solar system (the average is 6 kilowatts)
- Solar panel type
- Whether you are connected to or disconnected from the utility grid
What Is The Cost Of Solar Panels?
So how much does a solar panel actually cost? To be honest, it depends on a few factors, including the panel’s power and who is purchasing the panels.
If you are not a solar installer and wish to install solar panels on your home, you will almost certainly have to pay retail prices for each panel. As a general rule, installers who purchase in bulk pay approximately $0.85 per watt, while retail consumers pay approximately $1 per watt.
Solar panels typically range in power from 150 to 350 watts, so for this example, we’ll split the difference and use a 250-watt solar panel.
Cost of a Residential Solar System
A typical 1,500 square foot home will likely require sixteen panels to cover its electric consumption. If your home is shaded or faces east/west, more than 16 panels may be required.
While solar panels cost between $0.70 and $1.50 per watt, the cost of installing solar panels is $3.20 per watt. This includes operational and permits costs, as well as parts and labor. Total installation costs may range from $14,870 to $55,540 (before federal tax credits).
Additionally, you can lease a solar energy system. The advantage of leasing is that you frequently pay nothing upfront and still save money on your electricity bill. The disadvantage is that you will be ineligible for tax credits or rebates. Solar panel owners typically break even 15 to 25 years after installation.
Solar prices are down across the board in 2017 and the costs have literally never been lower to make the switch. Customers can do their part in saving the environment and saving on their energy bills in the process. We are extremely excited about the future of solar and see the prices continuing to decline.