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Solar energy is a way to reduce costs and improve the livelihoods of many households. This is a progressive format for generating electricity, which will become the main one in the future. But what about the cost? Well, it’s easy to count. Let’s look at the price in dollars per watt ($/W). This setting is unchanged for the USA, so you can have a rough idea of the future details.
Also, for the sake of interest, we recommend that you familiarize yourself with the information on Solar Energy Potential at https://www.energy.gov/maps/solar-energy-potential
Key Features:
• The actual cost is $2.99/Watt, and nearly $12,558 after tax credits
• The solar cost is 23% lower than five years ago
• You should compare the prices on the website to find the best option for you.
Solar panel cost: what to expect in 2023
It is worth noting that in 2023 the solar panel cost is $2.99/watt. You should expect an approximate amount of $12,558. What cost range should you expect in quotation marks for a solar system? The average price per watt for solar panels ranges from $2.58 to $3.38, and the cost of solar panels for a mid-sized installation in the US usually ranges from $10,836 to $14,196 after receiving tax credits on solar energy.
The average solar panel system size is 6 kilowatts (kW). The whole system will cost you $12,558. This is an excellent indicator, since a year earlier the numbers were less profitable for the average client. It is worth noting that the $/W indicator is in the range ranges from $2.58 to $3.38. The installation range is from $10,836 to $14,196.
How does system size impact the cost of solar?
It is worth noting that $ 2.99/watt is just an average figure, which does not mean the total cost of all installation work and other services. Much depends on the size of the solar panels, the cost of installation, maintenance, and other parameters. It is best to use a table. It will help you more accurately determine all the parameters and costs.
Average cost of solar panels based on system size
| Solar system size | Average solar panel system cost (before tax credits) | Average solar panel system cost (after tax credits) |
|---|---|---|
| 2 kW | $5,980 | $4,186 |
| 3 kW | $8,970 | $6,279 |
| 4 kW | $11,960 | $8,372 |
| 5 kW | $14,950 | $10,465 |
| 6 kW | $17,940 | $12,558 |
| 7 kW | $20,930 | $14,651 |
| 8 kW | $23,920 | $16,744 |
| 10 kW | $29,900 | $20,930 |
| 12 kW | $35,880 | $25,116 |
| 15 kW | $44,850 | $31,395 |
| 20 kW | $59,800 | $41,860 |
| 25 kW | $74,750 | $52,325 |
Given figures will help you determine the cost of solar energy before and after the deduction of federal tax. It is very convenient as you can determine all the parameters and understand what conditions the local utilities offer. It will help reduce the total cost of the solar system and rely on the fact that you can get the best service. It is also necessary to determine the total prices for homeowners in your area. It will help you understand the general specifics, staff nuances and all installation options. Without this, you cannot understand the full cost, so you should immediately consider all the necessary nuances. All parameters must be taken into account before you begin the process of connecting the solar battery.
The average cost of solar panels by state
You will be surprised to find out how the cost of solar panels differs in different states of the USA. This is a very important parameter because prices may vary depending on different regional formats, legislation, and a number of factors. All this really affects the cost of electricity. For example, electricity in Florida is lower than in Massachusetts. It is worth noting that all these parameters can be seen in the table so you can familiarize yourself with all the formats in more detail.
Varying costs per watt is a very informative parameter. You can understand the average cost for all states, and decide on the final result. You can also view prices for various panels in the USA.
Solar panel pricing in U.S. states
| STATE | SOLAR PANEL COST RANGE (6 KW SYSTEM) | SOLAR PANEL COST RANGE (10 KW SYSTEM) |
|---|---|---|
| Arizona | $11,466 – $14,238 | $19,110 – $23,730 |
| California | $11,046 – $13,818 | $18,410 – $23,030 |
| Colorado | $11,970 – $14,490 | $19,950 – $24,150 |
| Connecticut | $12,054 – $14,994 | $20,090 – $24,990 |
| Washington D.C. | $10,878 – $15,750 | $18,130 – $26,250 |
| Delaware | $11,802 – $12,810 | $19,670 – $21,350 |
| Florida | $9,240 – $12,852 | $15,400 – $21,420 |
| Georgia | $11,508 – $12,852 | $19,180 – $21,420 |
| Iowa | $13,440 – $14,448 | $22,400 – $24,080 |
| Idaho | $12,222 – $13,314 | $20,370 – $22,190 |
| Illinois | $12,138 – $15,162 | $20,230 – $25,270 |
| Indiana | $12,684 – $15,120 | $21,140 – $25,200 |
| Louisiana | $11,004 – $14,280 | $18,340 – $23,800 |
| Massachusetts | $11,928 – $14,616 | $19,880 – $24,360 |
| Maryland | $10,206 – $13,062 | $17,010 – $21,770 |
| Maine | $11,340 – $14,280 | $18,900 – $23,800 |
| Michigan | $12,096 – $15,036 | $20,160 – $25,060 |
| Minnesota | $12,180 – $14,364 | $20,300 – $23,940 |
| Montana | $11,508 – $14,364 | $19,180 – $23,940 |
| North Carolina | $10,500 – $13,692 | $17,500 – $22,820 |
| New Hampshire | $12,096 – $15,540 | $20,160 – $25,900 |
| New Jersey | $10,710 – $14,238 | $17,850 – $23,730 |
| New Mexico | $12,222 – $16,422 | $20,370 – $27,370 |
| Nevada | $11,886 – $13,062 | $19,810 – $21,770 |
| New York | $11,004 – $15,960 | $18,340 – $26,600 |
| Ohio | $10,920 – $13,860 | $18,200 – $23,100 |
| Oregon | $10,164 – $13,524 | $16,940 – $22,540 |
| Pennsylvania | $10,962 – $15,750 | $18,270 – $26,250 |
| Rhode Island | $12,852 – $14,952 | $21,420 – $24,920 |
| South Carolina | $11,844 – $14,532 | $19,740 – $24,220 |
| Texas | $10,794 – $13,146 | $17,990 – $21,910 |
| Utah | $11,130 – $14,574 | $18,550 – $24,290 |
| Virginia | $10,374 – $12,810 | $17,290 – $21,350 |
| Vermont | $10,836 – $15,540 | $18,060 – $25,900 |
| Washington | $10,458 – $13,230 | $17,430 – $22,050 |
| Wisconson | $12,726 – $14,490 | $21,210 – $24,150 |
NOTE: All prices are the 30 percent federal tax credit.
Based on the statistics, it can be concluded that large solar panels and power supply systems will cost you a little more, but they will be able to pay off in the future. More than 10 kilowatts of power guarantees you a possible and significant reduction in monthly energy costs in the future. a convenient low-interest rate will allow you to do all the cooking faster and get more benefits. huge solar panels saving a lot of money in the accumulation of solar energy. It is worth noting that some states have more favorable conditions for installing panels. It is due to various nuances of legislation, local laws, and certain statutory acts.
Many social programs guarantee you attractive rates and the opportunity to save. It’s about a $0.50 cent margin of the $2.99 per watt national average in the US. It is also worth noting that the most favorable price for electricity is observed in those States where the sun shines all year round and allows you to accumulate much more energy. Many states where adoption is actively developed also have a favorable electricity tariff schedule and the ability to install solar panels as quickly as possible. There is no direct correlation, nevertheless, the fact remains.
Solar panel cost by manufacturer brand
It is worth noting that brand dependence varies and the price of installing solar panels. thanks to the following table you can determine the cost of a 6kw and 10kw solar panel system. This will allow you to decide on the final stage of project financing and compare all prices. We depend on the name of the Tasty brand. Choose this format which is most interesting to you from the financial and economic point of view.
Solar panel cost by manufacturer brand
| MANUFACTURER | PRICE RANGE (6KW SYSTEM) | PRICE RANGE (10KW SYSTEM) |
|---|---|---|
| Axitec | $14,400 – $18,120 | $24,000 – $30,200 |
| Astronergy | $17,700 – $23,100 | $29,500 – $38,500 |
| Canadian Solar Inc. | $15,660 – $19,740 | $26,100 – $32,900 |
| CertainTeed Solar | $16,800 – $22,680 | $28,000 – $37,800 |
| Hanwha Q CELLS | $15,000 – $19,680 | $25,000 – $32,800 |
| Heliene | $16,740 – $19,620 | $27,900 – $32,700 |
| Hyundai | $15,120 – $18,240 | $25,200 – $30,400 |
| JA Solar | $16,020 – $19,620 | $26,700 – $32,700 |
| JinkoSolar | $16,080 – $20,280 | $26,800 – $33,800 |
| LG Solar | $16,260 – $20,580 | $27,100 – $34,300 |
| LONGi Solar | $14,400 – $17,640 | $24,000 – $29,400 |
| Mission Solar Energy | $12,960 – $17,880 | $21,600 – $29,800 |
| Panasonic | $15,840 – $20,040 | $26,400 – $33,400 |
| Peimar Group | $15,480 – $20,160 | $25,800 – $33,600 |
| Phono Solar Technology Co, Ltd. | $19,080 – $19,080 | $31,800 – $31,800 |
| REC | $15,720 – $19,080 | $26,200 – $31,800 |
| RGS Energy | $30,420 – $30,420 | $50,700 – $50,700 |
| Renogy Solar | $18,000 – $18,000 | $30,000 – $30,000 |
| S-Energy | $15,120 – $19,920 | $25,200 – $33,200 |
| Seraphim Energy Group, Inc. | $15,300 – $19,140 | $25,500 – $31,900 |
| Silfab Solar | $14,520 – $20,640 | $24,200 – $34,400 |
| SolarTech Universal | $13,740 – $17,460 | $22,900 – $29,100 |
| SolarWorld | $13,320 – $18,240 | $22,200 – $30,400 |
| Solaria | $17,460 – $20,580 | $29,100 – $34,300 |
| SunPower Corporation | $17,400 – $21,600 | $29,000 – $36,000 |
| Trina Solar | $14,940 – $20,940 | $24,900 – $34,900 |
| Winaico | $16,920 – $17,880 | $28,200 – $29,800 |
| Yingli Solar | $13,860 – $17,220 | $23,100 – $28,700 |
NOTE: All prices are made after the 30 percent federal tax credit.
Sent the final price depends on the quality of the panels themselves. Thus, SunPower with a 10 kW system will cost you from 29 to 36,000 dollars. This is an average indicator that will help to make a choice. It is worth noting that high-quality panels have high efficiency and are able to buy your costs in a short period of time. Also, the quality of the final installation will depend on the team of craftsmen who will be able to configure and connect the entire system in a single circuit. Nevertheless, the panel manufacturer directly affects the quality and target education of your project. It is worth noting that choosing a company is an important step that will allow you to decide on further actions and the quality of the solar system.
How much does a single solar panel cost?
For most users, the specific price per single solar panel is important. This will allow you to calculate the total cost of expenses for 1 house and determine the format of the installation. It is worth noting that solar panels have different prices. It all depends on the distributors and the region of purchase. All in all, you can count on prices starting at $0.75 per watt. If you want to assemble a common panel with a power of 250 watts then you will need $187.50. In general, an independent purchase will cost you $1 per watt. This is a normal price for us since one solar panel will cost $250. It is worth noting that the range varies depending on the distributor and the format of food choice. You can save significantly if you use the services of installers as this will allow you to accumulate more money and reduce risks.
Factors that impact the cost of solar panel installation
When it comes to the financial component, it is very important to know the factors that affect the total cost. Certainly, It all depends on the specific installers and the type of equipment. Do not forget that different equipment has a different degree of efficiency and is capable of generating different amounts of electricity. You need to rely on statistics that allow you to make a choice. It is worth noting that inverters, solar panels, and other equipment can vary significantly depending on the choice of manufacturer or installer. Nevertheless, there is a general tendency to increase efficiency with increasing prices. This means that more expensive professional equipment is able to offset the costs of the primary plan. This will allow you to receive more sunlight and electricity later.
Pic. The falling cost of solar panels
Do not forget the fact that the final cost depends not only on the price of solar equipment but also on labor. You have to pay a significant amount for the installation and a full package of permits. You also need to take care to connect your system to a common network so that you can sell surplus electricity to the state. Do not forget that the Technical development of the system itself and the general documentation are also quite expensive. You need a project coordinator and special permission to install. Another important factor is the parameters of your home.
Your roof should have the required installation angle, certain technical parameters, and other options. You may need to refine the overall design to place the batteries and solar panels properly. All this affects the final cost can significantly increase the total cost of the project. Fortunately in our company, you can reduce costs and get a finished project that will bring you more efficiency in the future. This is a classic example of how to approach the installation of solar panels.
Solar panel savings calculator: how much can you save with solar?
Saving on electricity allows many people to save a significant amount of money. It is worthwhile to understand that real savings will begin after all expenses for the purchase and installation of equipment are reimbursed. On average, people are calculating a payback period of 20 years. If you live in Portland you can save about $17,000. Los Angeles residents can save up to $50,000 in 20 years. It all depends on what region you live in, what is the price of electricity and how much you will have to pay for the installation and development of the project. Based on these data, you can calculate the average payback. Nevertheless, almost any state in the USA allows you to save on electricity for 20 years. The amount is quite significant so you can install solar panels if you do not plan to move in the next 10 to 20 years.
As a rule, it is enough for US citizens to use a special calculator to calculate all expenses. However, in many States, the total payback period is 6 to 7 years. During this time, you can count on breaking even all your basic expenses and saving money. Unquestionably, you will have to spend some amount on depreciation and scheduled repairs of your system. Nevertheless, it is a saving that will allow you to reduce energy costs many times over.
Three Tips for Solar Shoppers
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- Save 10% or more with multiple quotesThe US NREL Department created special recommendations thanks to which all users receive many options for solar energy before directly installing panels in their homes. It allows you to get more information without paying excessive prices. This approach significantly reduces costs and allows you to choose the best option for your conditions.
Using the special offer on this site you can find affordable contractors who will do all the work much cheaper and faster. Here are a lot of interesting offers that will help you save $ 1000 on the total installation of solar panels in your home. This is a good option for families who value saving and know the value of their money.
- The biggest installers don’t have low pricesFamous companies spend significant amounts of money on marketing. Advertising companies allow them to gain popularity and fame.
Nevertheless, recent studies and government reports have shown that large installers charge several thousand dollars more than small companies. An average customer can save up to $5,000 on the services of ordinary solar companies. Do not chase brands, but choose the most affordable option at a cost. - Compare all equipmentChoosing the right company for installing solar panels, you need to pay attention to the range of equipment. Too very often large companies offer a limited range of what is a problem for many people. Choose not only popular companies but also those organizations that have in their assortment a lot of equipment at different prices. So you can save money and choose the most worthy option with your money. If you are at an early stage of buying panels, you need to use the Solar Calculator. Make a preliminary estimate of the costs and decide on future savings. It all depends on what state you live in and the squad of parameters. Choose the right contractor and you can always save in the future.
- Save 10% or more with multiple quotesThe US NREL Department created special recommendations thanks to which all users receive many options for solar energy before directly installing panels in their homes. It allows you to get more information without paying excessive prices. This approach significantly reduces costs and allows you to choose the best option for your conditions.
John Adams - April 2, 2020 @ 09:39
Getting energy from nature is very environmentally friendly at first, it does not harm the planet, and a friend can save a lot of money by putting in solar panels. Solar panels are expensive now, but I think it’s still very profitable, because you can save a lot of money if you have to put yourself in electricity, so I think they should be bought and that money will be taken away from you.
Anna - March 6, 2020 @ 19:13
Our family for a long time gave a thought on purchase of solar batteries, but them to get was not solved yet. Did not know what monetary expenses it is necessary to lose. After such helpful information in articles it is possible to weigh and to not experience much.
Marcus - January 20, 2020 @ 05:44
Hello! Thank you for sharing your experience of using Solar energy! I was so happy to read the article, I was always interested in learning more about other energy sources. I thought about buying a solar power plant. I know about the existence of monocrystalline and polycrystalline batteries. Polycrystalline ones have lower efficiency, but they are probably more efficient in winter.
Nick Bahringer - December 14, 2019 @ 17:55
Solar energy is not a backup source, this system should work constantly, there is no sun-charge from the network at a night rate, there is a sun switching to it. Today, solar systems have practically no shortcomings, components are not so expensive if you approach this question headlong, rather than buying ready-made kits for an incomprehensible price, balancing the system for your load power, and not sitting and thinking why I bought 5 kW when I only 2 are needed, solar systems are built at minimum power, for example, only in the light, and then gradual expansion takes place, then it will pay off.
Kris - December 6, 2019 @ 21:26
can solar panels be installed on the West or East side of the roof?
Erik Shafer - December 13, 2019 @ 07:41
Generally speaking, in the southern hemisphere, the direction to the north will usually be more efficient for generating energy through solar panels. Why? Because the peak of solar activity is in the range from 2 pm to 8 pm. We also recommend that you use a calculator for more accurate calculation – http://www.suncalc.net/