How Much Does A 4kw Solar Panel System Cost

Is 2 91 per watt 11 640 for a 4 kilowatt solar system.

How much does a 4kw solar panel system cost.

As of july 2020 the average cost of solar in the u s. That means that the total cost for a 4 000 watt 4kw solar system would be 8 614 after the 26 federal itc discount not factoring in any additional state rebates or incentives. You ll pay anywhere from 0 70 to 1 50 per watt to purchase a solar panel. 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.

Using this amount we estimate that a 4kw installation costs about 12 000. The next thing you probably want to know is how much a 4kw installation will set you back. Average solar panel cost. Prices include the federal solar tax credit itc and vary drastically based on the amount of sunlight and type of solar panels installed.

With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. Installation of panels for the average 5kw system ranges from 11 100 22 400. National data september 2020. Residential solar energy costs 0 08 to 0 10 per kwh on average and commercial or utility scale solar power costs 0 06 to 0 08 per kilowatt hour.

There are three types common in the residential market. The national renewable energy lab studied installation costs for residential solar in 2016 and found the average cost for residential solar to be around 3 per watt.