How Much Money Does One Solar Panel Cost

Solar panels cost money upfront but will save you money in the long term the average home can save between 10 000 and 30 000 over the lifetime of your solar panel system start comparing custom quotes on the energysage marketplace to see your estimated savings from solar.

How much money does one solar panel cost. What you ll pay for solar panels varies by your state and the size of the solar panel system. Installation of panels for the average 5kw system ranges from 11 100 22 400. One 150 to 300 watt solar panel costs 112 to 450 on average or between 0 75 to 1 50 per watt depending on the type of panel energy efficiency rating and size. National data september 2020.

However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 60 per watt. On average installation and the system together can run between 15 000 and 25 000. The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt. Solar companies that purchase in bulk typically spend 0 75 per watt whereas homeowners spend 1 per watt.

Solar power systems are very custom based on the home roof type shading and utility.