Residential Solar Panels Cost 2017

Use solar energy to power your home and reduce your dependence on the grid.

Residential solar panels cost 2017. Current industry average cost between 3 to 4 per watt. For all of 2017 non residential pv is the only segment expected to grow on annual basis. Of that total 51 came from the utility pv segment which added more than 1 gw dc for the eighth consecutive quarter. Commercial solar costs 1 83 per watt on average.

We use a bottom up methodology accounting for all system and project development costs incurred during the installation to model the costs for residential commercial and utility scale systems. The average cost of installed residential solar power systems is currently 2 60 per watt. 48 is more favorable. Residential solar panels cost 2 53 to 3 15 per watt with most homeowners spending 2 70 per watt on average before any tax credits or incentives.

Solar systems have ratings based on the electricity produced annually in average conditions. Solar panel costs for an average sized installation in the u s. Solar energy cost per kwh. The average installation on an american home is a 5 kilowatt 5kw system.

This report benchmarks u s. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. Solar market installed 2 031 megawatts direct current mw dc. Learn more about your potential savings in our design studio.

How does system size impact the cost of solar. Solar photovoltaic pv system installed costs as of the first quarter of 2017 q1 2017. 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 consolidated appropriations act 2018 extended the credit through december 2017.

25d does not allow a solar tax credit for the cost of installing solar panels for use in residential rental property sec. 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 but let s get a little more granular. 48 provides for a solar energy tax credit for the installation of solar panels as part of the general business credit under sec. So let s do the math.

For 2017 the average cost per watt of solar systems in the us is 3 26 cents. Purchase solar at the lowest price of any national provider with tesla s price match guarantee and take control of your monthly electricity bill. If we multiply 5 000 watts by 3 26 we get 16 300.