Residential Solar Panels Cost 2017

How does system size impact the cost of solar.

Residential solar panels cost 2017.

The average installation on an american home is a 5 kilowatt 5kw system. 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.

In q3 2017 the u s. 48 provides for a solar energy tax credit for the installation of solar panels as part of the general business credit under sec. 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. If we multiply 5 000 watts by 3 26 we get 16 300.

Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. The average cost of installed residential solar power systems is currently 2 60 per watt. For all of 2017 non residential pv is the only segment expected to grow on annual basis.

Solar photovoltaic pv system installed costs as of the first quarter of 2017 q1 2017. 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. Current industry average cost between 3 to 4 per watt. 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.

Commercial solar costs 1 83 per watt on average. Of that total 51 came from the utility pv segment which added more than 1 gw dc for the eighth consecutive quarter. 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. Use solar energy to power your home and reduce your dependence on the grid.

Purchase solar at the lowest price of any national provider with tesla s price match guarantee and take control of your monthly electricity bill. 25d does not allow a solar tax credit for the cost of installing solar panels for use in residential rental property sec. Solar market installed 2 031 megawatts direct current mw dc. So let s do the math.

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. 48 is more favorable. The consolidated appropriations act 2018 extended the credit through december 2017.