How Much Does A 4kw Solar Panel System Cost

Each one has its own pros and cons from price to efficiency.

How much does a 4kw solar panel system cost.

Installation of panels for the average 5kw system ranges from 11 100 22 400. That means that the total cost for a 4 000 watt 4kw solar system would be 8 614 after the 26 federal itc discount not factoring in any additional state rebates or incentives. As of july 2020 the average cost of solar in the u s. The national renewable energy lab studied installation costs for residential solar in 2016 and found the average cost for residential solar to be around 3 per watt.

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. Solar power systems are very custom based on the home roof type shading and utility. The next thing you probably want to know is how much a 4kw installation will set you back. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt.

National data september 2020. Using this amount we estimate that a 4kw installation costs about 12 000. There are three types common in the residential market. Solar energy cost per kwh.

Is 2 91 per watt 11 640 for a 4 kilowatt solar system. Prices include the federal solar tax credit itc and vary drastically based on the amount of sunlight and type of solar panels installed.