Pv Solar Panel Cost Per Watt

However the cost of solar power changes depending on the size of the system required your eligibility for solar incentives the type of equipment used and even on the province that you live in.

Pv solar panel cost per watt.

According to the national renewable energy lab s 2016 benchmark of solar costs solar panels average 0 64 per watt with a range of about 0 50 per watt to 0 87 per watt see page 10 of the report. For those looking for a range for the cost of panels it will run from as low as 0 85 per watt to 1 25 per watt with output ranging from 150w to 350w for a typical solar panel. For 5 000 watt systems if you re using a 300 watt panel 17 solar panels will be used to make up that 5 000 watt system. The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system.

Distributors retailers and large solar installers. With energy prices on the rise this may be the perfect time. Keep in mind these prices are directly from the manufacturers to the first buyers i e. Commercial solar costs 1 83 per watt on average.

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. This is a factor of economy of scale. That s how we arrive at the total wattage of your system the combined wattage of all the solar panels in the system. If those numbers seem low remember that an installation has added costs thanks to the inverters solar batteries and other additional equipment needed for a complete.

Cost of solar power in canada 2020. Solar panel cost per watt.