Commodity Prices Of A Solar Panel

Calculations by the author.

Commodity prices of a solar panel. As suntech engineer stefan jarnason wrote in greentech media if solar. Market experts estimate that the impact of the tariff in year 1 will be between 0 10 to 0 12 per watt. Certainly panel prices have dropped rapidly over the past few years and talk has abounded of more customers making product choices based primarily on cost. By year 4 the tariff s impact falls to only 0 04 to 0 05 per watt which results in less than a 2.

Ultimately there are many factors that figure into the price per watt of a solar system but the average cost is typically as low as 2 75 per watt. This price will vary if a project requires special adders like ground mounting a main panel upgrade ev charger etc. Bnef estimates that by the end of 2018 commodity solar panel prices will drop to 0 24 per watt. This corresponds to a recent analysis conducted by greentech media.

But to view solar panels as a commodity in the same way that eggs or copper are commodities is simply inaccurate. September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt. Solar panel price per kilowatt hour. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit.

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. First solar s panels aren t the most efficient in the industry with 17 to 18 2 efficiency converting the sun s energy into electricity but they produce energy more of the time than commodity. For a typical american homeowner that represents only a 3 to 4 increase in the cost of a solar panel installation.