Cost Of A 4 Kwh Solar Panel

To size a solar system correctly the best recommendation is getting in touch with a qualified solar contractor.

Cost of a 4 kwh solar panel.

Solar panel costs for an average sized installation in the u s. Is 2 91 per watt 11 640 for a 4 kilowatt solar system. Average solar panel cost. The national renewable energy lab studied installation costs for residential solar in 2016 and found the average cost for residential solar to be around 3 per watt.

Using this amount we estimate that a 4kw installation costs about 12 000. A residential system has an average installed price of 3 per watt. Prices include the federal solar tax credit itc and vary drastically based on the amount of sunlight and type of solar panels installed. 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.

For a 4 kw kilowatt system which is 4 000 watts you can expect to pay 4 000 for installation. A 4kw solar panel system will cost you around 5 000 but if installed by an mcs certified supplier it will save you up to 870 a year. In california where the average system required is 4 23 kw solarreviews research data shows that the average solar panel installation cost as of jan 2020 is 2 78 per watt meaning the 4 23 kw system would be 11 753 before the solar tax credit and 8 701 after the federal tax credit. National data september 2020.

That means that the total cost for a 4 000 watt 4kw solar system would be 8 614 after the 26 federal itc discount not factoring in any additional state rebates or incentives. As of july 2020 the average cost of solar in the u s. Solar installers consider the following factors to calculate the number of panels needed. That means that the total cost for a 4 5kw solar system would be 9 690 after the 26 federal itc discount not factoring in any additional state rebates or incentives.

Residential solar energy costs 0 08 to 0 10 per kwh on average and commercial or utility scale solar power costs 0 06 to 0 08 per kilowatt hour. 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. If you select to hire a contractor to install your solar kit you should expect to pay approximately 1 00 per watt for labor wire conduit fittings breakers and other miscellaneous electrical components to complete the solar system installation. As of july 2020 the average cost of solar in the u s.