4kw Solar Panel System Cost

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.

4kw solar panel system cost.

For most people though it s not how much they are willing to pay for a solar pv system but rather how much they can afford to pay. This comes out to 26 190 for a 9 kilowatt system before federal tax incentives so the net cost of a 9 kw solar energy system would be 19 381 this cost doesn t factor in any state or utility rebates and incentives for going solar. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. The majority of solar panels are around 250 watts which means you d need four panels to create a 1 kilowatt peak 1kwp system eight panels to create a 2kwp system.

The next thing you probably want to know is how much a 4kw installation will set you back. Giving you a 50 discount on your energy bills and beating most isa s and interest rates. As of july 2020 the average cost of solar in the u s. The average cost of installed residential solar power systems is currently 2 60 per watt a typical 6kw system costs 11 544 after claiming the 26 solar tax credit.

A 4kw solar system will cost 6000 8000 and generate a 4 8 per year profit over 20 years. Annually a 4kw solar panel system will generate enough electricity to meet the needs of a regular uk family. Is 2 91 per watt. As of july 2020 the average cost of solar in the u s.

How much does a 9 kw solar system cost. How much does an average 3kw solar system cost. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. To put these prices into context the cost of solar panels for a 3 bedroom house will be around 5520 6040 as they ll need to install a 3 4kw system to meet the higher electricity demands.

The good news is that solar panels just keep on getting cheaper. Is 2 91 per watt 11 640 for a 4 kilowatt solar system. Using this amount we estimate that a 4kw installation costs about 12 000. A 4kw solar panel system will cost you around 5 000 but if installed by an mcs certified supplier it will save you up to 870 a year.

Back in 2010 the average price of a 4kw solar pv system was around 20 000 which means the cost of solar power has fallen by about 70 in the past nine years. Since it s on the smaller end of the scale in terms of size and output a 3kw system is one of the cheaper ones you can buy. 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. Solar panel cost data 2020 updated.

With the right system choice you could still save 50 on your energy bills make 2200 in profit over 20 years.