How much does a commercial solar system cost?

The total cost of a commercial solar system varies widely based on size and other factors. Here are some national averages to consider: $24,900: This is the average cost for a smaller 15 kW system, suitable for a retail outlet or clinic. $200,000: A 100 kW system, which can produce about 136,000 kWh per year, typically costs around this amount.

How much do solar panels cost?

Solar panels only represent a fraction of system costs, and this has been analyzed by the NREL. The November 2021 technical report considers a PV module cost of $0.34 per watt, which is equivalent to:

How much does a residential solar system cost?

Residential solar power system installations result in a clean, renewable energy source that requires minimal maintenance with savings that could pay back the initial investment in just a few years! Most professionally installed solar panel systems cost between $18,000 and $20,000 before factoring in any rebates or incentives.

How much does solar cost per watt?

Let's explore the cost per watt, national averages, and the overall cost breakdown. The cost per watt is a standard metric for estimating solar panel costs. For commercial systems, the price typically ranges between $1.66 and $2.00 per watt. This is significantly lower than residential solar costs, thanks to economies of scale.

How much does a PV module cost?

The November 2021 technical report considers a PV module cost of $0.34 per watt, which is equivalent to: As the size of a solar array increases, photovoltaic modules represent a higher percentage of total costs, while the percentage of soft costs decreases.

What is included in the quoted price of a solar power system?

The quoted price of a solar power system also includes soft costs that are not evident when looking at a completed installation: permitting, inspections, grid interconnection, taxes, transportation, land acquisition, design work, skilled labor, customer acquisition, overhead, profit margins, etc.