Cost Of Solar Panels Over Time Graph

Average solar panel cost.

Cost of solar panels over time graph.

Lastly here s some context on the historical price of solar power systems over the past 20 years. The average cost of solar panels has gone from 76 67 watt in 1977 to just 0 698 watt today the second figure is according to pvinsights and is even lower than the 2013 projected price in the chart below. 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. This data has been stitched together from reports by seia and nrel.

Panel prices increased about 20 in early 2018 about the same time that the us took steps to implement tariffs on imported solar panels but since then have resumed their downward trajectory. In 2010 solar panels cost about 2 50 per watt but by early 2017 that had fallen to just 0 38 per watt. What range of costs should you expect to see in quotes for a solar panel system. 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.

Estimates are based on the average rate of decline. Bloomberg new energy finance bnef. Solar panel costs for an average sized installation in the u s. Cost of solar panels over time the average cost of solar panels has fallen 65 from 7 34 per watt in 2010 to 2 53 per watt in 2019.

10 cost of solar panels cost of solar power charts 1. 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. Solar panel cost in 2020. This chart shows the average cost to install a residential solar power system for every year dating back to 1998.