What is the cost of solar panels in the USA?

The cost of solar panels differs from state to state due to variation in the amounts and the number of rebates and other incentives offered by your state. However, the federal tax credit for the year 2020 is about 26% and is the same in all US states. This tax credit is provided by the federal government to help you reduce your solar panel cost so that you can go solar.

Also, there are different solar panels brands in the market and depending on the quality and solar efficiency of the brand, the cost of solar panels will vary. For instance, SunPower is known to produce some of the best solar panels in the US because of the relatively higher solar efficiency of their solar panels compared to other solar panels. The cost of solar panels is not the same as the cost of installing solar panels as the latter includes soft costs (administrative, marketing, overheads etc) associated with the installing solar panels.

According to the EnergySage, the average cost per watt for solar panels ranges from $2.51 to $3.31 in the year 2020. Also, the EnergySage captured the cost per watt ($/W) for the about 36 states in the USA as shown below. These figures for solar panel pricing is based on solar quote data analyzed from the EnergySage Solar marketplace that is visited by over one million online visitors on a yearly basis.

What’s the cost of installing solar panels in the USA?

The cost of installing solar panels includes other costs of the solar PV system, including soft costs like marketing and other administrative costs. As a result, since there are different solar installers in the market using different solar panel brands, the cost of installing solar panels will vary from one solar installer to another.

In addition, the EnergySage has a network of solar installers from different states and with a wider coverage at least in the above 36 states. They also have free online tools like a solar calculator that can provide you with an instant estimate for the cost of installing solar panels for your home or business. Their online solar calculator is personalized and if your area has coverage with them, all you need to do is plug in your address and an estimate of your solar potential, and your specific solar panel cost will be provided for you. Get started today by using this solar panel cost calculator.

The cost of solar panels by state.

Source: EnergySage, 2020.