4kw Solar Panel Cost

Does the cost for a 3kw solar system vary by state.

4kw solar panel cost.

Using this amount we estimate that a 4kw installation costs about 12 000. 4 kw solar panel system cost. As of july 2020 the average cost of solar in the u s. 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. 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. Is 2 91 per watt 11 640 for a 4 kilowatt solar system. Average solar panel cost.

However it can get as low as 2 60 in oregon or as high as 3 82 in hawaii. In general 4kw system is suitable for a household of 4 people with an average daily electricity consumption of 26 28 units. In most states the cost runs between 2 80 and 3 10 per watt for a 3kw system. A 4kw solar system will cost 6000 8000 and generate 2200 worth of profit over 20 years.

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. Giving you returns of 4 8 per year including energy savings. 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. National data september 2020.

Some key system details are as follows. Home residential solar sizes of solar pv systems 4kw solar systems. How much does a 4kw solar system cost in 2020. 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.

Solar panel cost in 2020. 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. Compare solar panels save 37. What are solar shoppers.

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. What range of costs should you expect to see in quotes for a solar panel system.