Cost Of Solar Panels Over Time Graph

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.

Cost of solar panels over time graph.

What range of costs should you expect to see in quotes for a solar panel system. National data september 2020. This chart shows the average cost to install a residential solar power system for every year dating back to 1998. A standard 6 kw residential solar system has dropped from 44 000 down to 15 200 over the past decade not including the federal solar tax credit.

This data has been stitched together from reports by seia and nrel. Solar panel costs for an average sized installation in the u s. 10 cost of solar panels cost of solar power charts 1. Estimates are based on the average rate of decline.

Solar panel cost in 2020. Lastly here s some context on the historical price of solar power systems over the past 20 years. In 2010 solar panels cost about 2 50 per watt but by early 2017 that had fallen to just 0 38 per watt. Average solar panel cost.

Panel prices increased about 20 in early 2018 about the same time that the us took steps to implement tariffs on imported solar panels but since then have resumed their downward trajectory. How does system size impact the cost of solar. Usually range from 11 144 to 14 696 after solar tax credits and the average price per watt for solar panels ranges from 2 51 to 3 31. 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.