Cost Of Making Your Own Solar Panels

Installation for the average 5kw system ranges from 11 100 22 400.

Cost of making your own solar panels.

With installation an average residential 5kw size system costs between 3 and 5 per watt according to the cse. No two solar power systems are the same. 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. 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.

Overall the project was a fun experience and the total amount of money that i spent was around 400 500 which includes the battery charge controller and deep cycle battery. The average cost of a solar panel kit without permitting or installation in america in 2018 is around 1 56 per watt based on average kit prices on sites like wholesalesolar altestore and gogreensolar. Solar cells are getting cheaper each year. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.

So i saved a large portion by building my own solar system since a commercial solar panel would have cost 400 on up for just the solar panel itself. Some tools like the solar estimate calculator estimate the system size for you. Solar panelinstallation cost guide. It usually costs 15 000 to 20 000 after tax credits and can reduce your electricity bill by 70 to 100 percent depending on the size and orientation of your roof and local regulations.

While you could pay up to 10 000 for an off the shelf installation and could cover the system s price in just over 10 years it s still better and more educational to make one yourself. Be warned though some of the kits use very low quality equipment and some are even unbranded. Most homeowners pay between 16 532 and 30 820.