Cost Of Residentual Solar Panels In Pa

Solar systems have ratings based on the electricity produced annually in average conditions.

Cost of residentual solar panels in pa.

As of sep 2020 the average cost of solar panels in pennsylvania is 2 38 per watt making a typical 6000 watt 6 kw solar system 10 558 after claiming the 26 federal solar tax credit now available. Grants for solar energy generation or distribution projects shall not exceed 1 million or 1 50 per watt whichever is less. 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. This program enables pennsylvanians to sell the srecs that their panels generate.

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. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. Commercial solar costs 1 83 per watt on average. With energy prices on the rise this may be the perfect time to go solar.

This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. At this rate a 5 kilowatt kw system that generates 5 mwh per year could make an extra 120 per year from selling credits in the srec market. As of late 2019 the going rate for these credits was about 24. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.

On a cost per watt w basis a solar panel installation in pennsylvania ranges in price from 2 57 to 3 47. 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. In exchange for a grant solar pv projects will contractually commit to transfer ownership of the solar renewable energy credits srecs generated by the system over to the cfa for the life of the project. As of 2019 the average cost for solar power in pennsylvania is 3 13 w.

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. That cost is before any tax credits. With installation an average residential 5kw size system costs between 3 and 5 per watt according to the cse which results in the 15 000 to 25 000 range. Cashing in on the federal investment tax credit itc and other incentives could save you thousands of dollars on this estimate.

Residential solar panels cost 2 53 to 3 15 per watt with most homeowners spending 2 70 per watt on average before any tax credits or incentives.