Commercial Solar Panel Upfront Cost

Solar is often thought about in terms of the price per watt of power capacity which equalizes system costs similar to the price per square foot metric the in real estate sector.

Commercial solar panel upfront cost. You ll break even after 8 years and start generating a return on your investment. Average commercial solar cost breakdown now that you know the parts of the solar system it s important to understand that the costs to get a new photovoltaic array don t stop with the equipment. On average upfront costs are 11 000 with savings of 1 400 per year on foregone energy bills. We simply subtract the annual electricity savings from the upfront.

In texas the average cost of commercial solar panels is 7 6 lower than the national average. As such the up front cost of 1 064 350 will be reduced by 30 319 305 so the new cost of commercial solar is 745 045. With a payback in the mid single digits and a typical internal rate of return irr exceeding 10 most companies find that solar makes sense purely as a financial investment. The average installed cost of solar for commercial purposes is 2 00 per watt.

The average solar panel payback period is 7 to 12 years depending on where you live and the cost of electricity.