Solar Photovoltaic System Cost Benchmarks
2 days ago · The U.S. Department of Energy''s solar office and its national laboratory partners analyze cost data for U.S. solar photovoltaic systems to develop cost benchmarks to measure
View/Download Price per watt for solar module installation [PDF]
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4 FAQs about Price per watt for solar module installation
How much does a solar system cost per watt?
As of publishing, the average cost per watt is $2.84. Most solar companies set the price according to the solar system's wattage. A solar installation's “cost per watt” is a little like the “price per square foot” when you buy a house. It helps compare the value of solar energy systems in different sizes.
How much do solar panels cost?
The price of solar panels changes depending on where you live, but the average for installation is just under $29,000 or $2.75 per watt. On the high end, we talked to a solar customer in Hawaii who spent $100,000 going solar. Dion in Nevada said their 10-kW system cost about $20,000, which is about the national average price for a 7-kW system.
How much does solar installation cost?
Installation labor accounts for only 5.5-7% of total cost ($1,375-$2,500 for average systems), while soft costs represent 40-50% of total investment: Solar costs vary significantly by location due to labor rates, permitting requirements, market competition, and local incentives.
How much does a 12 kW solar panel installation cost?
The average cost of a 12 kW solar panel installation on EnergySage is $29,649 before available incentives. You'll typically save anywhere from $37,000 to $148,000 over 25 years by installing solar panels. Solar panels are just 12% of the total cost of a solar panel installation.
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