Residential Solar Panels Cost 2017

Current industry average cost between 3 to 4 per watt.

Residential solar panels cost 2017.

Solar photovoltaic pv system installed costs as of the first quarter of 2017 q1 2017. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. For 2017 the average cost per watt of solar systems in the us is 3 26 cents. Solar energy cost per kwh.

Learn more about your potential savings in our design studio. Commercial solar costs 1 83 per watt on average. 25d does not allow a solar tax credit for the cost of installing solar panels for use in residential rental property sec. If we multiply 5 000 watts by 3 26 we get 16 300.

Of that total 51 came from the utility pv segment which added more than 1 gw dc for the eighth consecutive quarter. 48 is more favorable. This report benchmarks u s. How does system size impact the cost of solar.

In q3 2017 the u s. Solar market installed 2 031 megawatts direct current mw dc. Solar panel costs for an average sized installation in the u s. 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.

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. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. The residential energy property credit which expired at the end of december 2014 was extended for two years through december 2016 by the protecting americans from tax hikes act of 2015. For all of 2017 non residential pv is the only segment expected to grow on annual basis.

The average cost of installed residential solar power systems is currently 2 60 per watt. Use solar energy to power your home and reduce your dependence on the grid. The average installation on an american home is a 5 kilowatt 5kw system. The consolidated appropriations act 2018 extended the credit through december 2017.

Purchase solar at the lowest price of any national provider with tesla s price match guarantee and take control of your monthly electricity bill. 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. 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.