Calculate Cost Of Solar Panels

The easiest way to calculate the average cost of solar panels is to look at its price in dollars per watt w which is relatively consistent across the united states.

Calculate cost of solar panels.

Here s a simple way to approximate your solar roi return on investment. This includes kwh production incentives for up to 25 years if available in your region. To calculate solar panel cost for your home it is first necessary to calculate how many solar panels are needed to power your home. The number of solar panels you need depends on how much electricity your home uses.

This is an estimate of costs based on the available solar credits and solar rebates for your geographical area. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years. These metrics help you calculate the kilowatts required from your solar panel setup.

Divide that number by the cost of electricity from your local utility company. The national average is 0 13 per watt. 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. 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.

The solar panel system s price is calculated by the power price calculator. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Improved shade analysis powered by google sunroof data all estimates consider the shading and irradiance levels of every roof plane with the panel placement optimized for the most. Some tools like the solar estimate calculator estimate the system size for you.

Cost of installing solar panels after rebates and incentives. With installation an average residential 5kw size system costs between 3 and 5 per watt according to the cse. Using our tool we factor in. Start with your estimated system price which this calculator provides you.

Divide the result by your. Key takeaways about solar panel cost the cost of solar in 2020 is about 12 920 after tax credits 2 91 watt the cost of solar has fallen over 20 over the past 5 years.