Calculate Cost Of Solar Panels

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Calculate cost of solar panels.

Here s a simple way to approximate your solar roi return on investment. Divide the result by your. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years. With installation an average residential 5kw size system costs between 3 and 5 per watt according to the cse.

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. Start with your estimated system price which this calculator provides you. Cost of installing solar panels after rebates and incentives. Our calculator can easily determine how many solar panels you need just by using the cost of your most recent electric bill.

The solar panel system s price is calculated by the power price calculator. Some tools like the solar estimate calculator estimate the system size for you. This includes kwh production incentives for up to 25 years if available in your region. These metrics help you calculate the kilowatts required from your solar panel setup.

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. The number of solar panels you need depends on how much electricity your home uses. The national average is 0 13 per watt. This is an estimate of costs based on the available solar credits and solar rebates for your geographical area.

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. Divide that number by the cost of electricity from your local utility company. 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. In california where the average system required is 4 23 kw solarreviews research data shows that the average solar panel installation cost as of jan 2020 is 2 78 per watt meaning the 4 23 kw system would be 11 753 before the solar tax credit and 8 701 after the federal tax credit.

To calculate solar panel cost for your home it is first necessary to calculate how many solar panels are needed to power your home. 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.