Solar Panel Installation Cost Breakdown

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Solar panel installation cost breakdown.

Here s an example of how we can breakdown solar panel cost and what it typically costs for installing a system. They will come round to assess your property work out what type of solar pv system you need and advise you on all the costs. Current industry average cost between 3 to 4 per watt average size solar panel system between 5 and 6 kilowatts a kilowatt is 1000 watts 3 26 per watt x 5 000 watts 16 300 per system before the 30 itc tax credit. This gives a total system cost of 5 596 ex vat.

But to find out exactly how much you ll need to pay for your home s solar panel system it s important that you make an appointment with a professional installer. Current industry average cost between 3 to 4 per watt. The good news is that the cost of solar electricity has drastically decreased compared to the price 40 years ago going from 76 per watt in 1977 to about 0 65 per watt in 2016. Average size solar panel system between 5 and 6 kilowatts a kilowatt is 1000 watts.

Here s an example on how we can breakdown solar panel cost and what it typically costs for installing a system. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. Monocrystalline solar cells and polycrystalline solar cells. To put these prices into context the cost of solar panels for a 3 bedroom house will be around 5520 6040 as they ll need to install a 3 4kw system to meet the higher electricity demands.

With this credit you save 30 of your total solar installation cost through a tax credit. One of the most common domestic sizes is a 4kw solar panel system which costs around 6 000 and will cover around 29 square metres of your roof. The average cost 3 36 per watt of the average solar system 5 kw in the united states is approximately 11 410. Kit cost 2 511 ex vat services cost 3 085 ex vat.

When we take this 30 credit out of 16 300 we arrive at 11 410. How much will solar panels cost me. Solar panels should cost 1 562 per kw installed according to government data. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years.

This system was quoted using 13 x ja solar 310w panels a solis 4kw inverter and k2 mounting system on a concrete tiled single orientation rectangular roof layout. For most people though it s not how much they are willing to pay for a solar pv system but rather how much they can afford to pay. This price may vary depending on the type of solar panels you choose with the most popular options including.