Cost Of Home Solar Panels In Delaware

Considering an average delaware installation price of 16 650 for a 5kw system you will see an immediate return of 4995 federal rebate and an estimated first year savings of around 819 in energy costs.

Cost of home solar panels in delaware.

Delaware s average cost of a solar panel installation ranges from 11 305 to 15 295. This term tells us as at what time you will recover your initial investment through electricity savings from your solar system. Systems must supply on site energy. A typical 6000 watt 6 kw solar system is 21 828 before the federal solar credit and 16 153 after claiming the federal solar tax credit.

On a cost per watt w basis a solar panel installation in delaware ranges in price from 2 26 to 3 06. If you design a home solar system to produce that much electricity you d need thirty 325 watt solar panels for a total system size of 9 8 kw. Green energy grant program delmarva power customers. As of september 2020 the average solar panel cost in delaware is 2 66 w.

Another calculation that potential solar buyers have to consider is the solar payback period. As of june 2020 the average cost of solar panels per watt in delaware is 3 64 watt. Incentives are available for customers in newark for 33 3 percent of installed costs up to 7 500 for residential installations and 15 000 for non residential customers. This puts your first year investment at only 8586.

This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. Will take care of a huge chunk of that. Given a solar panel system size of 5 kilowatts kw an average solar installation in delaware ranges in cost from 11 305 to 15 295 with the average gross price for solar in delaware coming in at 13 300. As of aug 2020 the average cost of solar panels in delaware is 2 65 per watt making a typical 6000 watt 6 kw solar system 11 757 after claiming the 26 federal solar tax credit now available.