Solar panel prices have come down a lot in recent years, and they are expected to continue dropping in the coming years. In 2021, solar panels are likely to cost around $0.50 per watt. This means that a typical 5 kW solar system would cost around $2,500 after tax credits.
Many factors will affect the final cost of your solar system, including the size of your system, the brand of solar panels, and the location of your home or business. However, this gives you a good idea of what you can expect to pay for a solar system in 2021.
If you’re interested in going solar, contact a local installer to get a quote for your specific situation. Solar panel prices vary from state to state and city to city, so you’ll need an accurate solar quote that takes these factors into account.
How Much Do Solar Panels Cost
Solar panel prices currently range from around $1.25 per watt (for lower quality panels) up to about $2.50 per watt (for higher quality panels). That means a typical 5 kW system would cost anywhere from $6,250 up to $12,500 after tax credits. But even at the low end of this range, solar is more expensive than it used to be only two or three years ago, you could get a similar-sized system for around $4,000-$5,000. However, prices are still falling, and solar is becoming more affordable every year.
If you’re interested in going solar, but want to stick to a budget, aim for the low end of that price range ($1.25 per watt). If you can afford to spend a bit more money upfront (up to around $2.00 per watt), you’ll get a higher quality system with better energy production, which will save you money over time.
Best Solar Panels To Buy
The best solar panels in the market are Canadian Solar modules. These solar panels have a maximum efficiency of up to 20.4% and they can supply power for 25 years. Canadian Solar modules were found to be the most reliable because their performance does not vary greatly over time.
Any solar panels produce electricity from six hours when exposed to sunlight to 18 hours at night. The best ones have a storage capacity which ensures that you have access to the energy generated even when there is no sun present.
Solar panels are becoming more and more affordable each year. The best solar panels in the market are Canadian Solar modules which provide power for up to 25 years after they’re installed, meaning that you’ll save money on energy costs over time. If you’re interested in going solar but want to stick to a budget, aim for the low end of that price range ($1.25 per watt).