Cost Of Solar Panels Over Time Graph

What range of costs should you expect to see in quotes for a solar panel system.

Cost of solar panels over time graph.

Panel prices increased about 20 in early 2018 about the same time that the us took steps to implement tariffs on imported solar panels but since then have resumed their downward trajectory. Bloomberg new energy finance bnef. Cost of solar panels over time the average cost of solar panels has fallen 65 from 7 34 per watt in 2010 to 2 53 per watt in 2019. 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.

Solar panel costs for an average sized installation in the u s. National data september 2020. Average solar panel cost. The average cost of solar panels has gone from 76 67 watt in 1977 to just 0 698 watt today the second figure is according to pvinsights and is even lower than the 2013 projected price in the chart below.

How does system size impact the cost of solar. A standard 6 kw residential solar system has dropped from 44 000 down to 15 200 over the past decade not including the federal solar tax credit. Estimates are based on the average rate of decline. In 2010 solar panels cost about 2 50 per watt but by early 2017 that had fallen to just 0 38 per watt.

This chart shows the average cost to install a residential solar power system for every year dating back to 1998. Solar panel cost in 2020. Lastly here s some context on the historical price of solar power systems over the past 20 years. This data has been stitched together from reports by seia and nrel.