How much do solar panels cost in 2022?

How much do solar panels cost in 2022?

Cost of solar panels by state

How much do solar panels cost in 2022?
How much do solar panels cost in 2022?

NOTE: These pricing ranges represent system costs BEFORE the federal solar tax credit of 26%. Furthermore, EnergySage does not yet offer quotations in all 50 states, which restricts our ability to provide cost estimates for solar panels in each.

The average amount of energy consumed by households is often higher in places where homeowners must use air conditioning more frequently. As a result, bright, warm areas like Arizona and Florida are home to some of the biggest solar panel installations. Why is this important? The larger your system is, the less solar contractors will typically charge per kilowatt-hour (kWh). It’s similar to buying in bulk at Costco; even though the sticker price may be greater, buying more at once results in reduced per-unit prices. Below, we’ll go deeper into this phenomena.

returning to solar energy. Ultimately, this translates essentially into cheaper $/W pricing in warm states and higher $/W pricing in cold states. However, the overall cost is typically close to a wash since warm areas have cheaper per-watt prices but bigger system sizes, whereas cold states have more expensive per-watt prices but smaller system sizes.

The most important finding from this data is not that some states are “better” than others in terms of solar pricing, but rather that solar is cost-effective everywhere. The $2.77/W national average is within $0.50 cents of almost every state. Solar power doesn’t just make sense in areas of the United States where costs are really low; there is a positive trend toward adoption across states that has nothing to do with where the lowest prices per watt are. For instance, the installed solar capacity in New Jersey, Massachusetts, Virginia, and Georgia, which are all in the top 10 solar states in the United States, is greater than the national average ($/W).

Panel brand and equipment quality

Data on solar panel prices may also be broken down by panel brand. The following table shows the average cost of 6 kW and 10 kW solar panel systems by the brand of solar panels used in the installation project using information from the EnergySage Marketplace.

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Cost of solar panels by panel manufacturer

How much do solar panels cost in 2022?

NOTE: These ranges are system prices BEFORE the 26 percent federal tax credit for solar.

To some extent, the cost of a particular brand of solar panels reflects the quality of those panels. Systems utilizing SunPower panels, for instance, have the highest average pricing ($20,580 for a 6 kW system and $34,300 for a 10 kW system), although SunPower is renowned for making high-quality, efficient products.

It’s interesting to see that brand price doesn’t have a lot of outliers, and most manufacturers experience around comparable cost ranges. When comparing system pricing based on panel brands, it’s crucial to bear in mind that there are many other aspects outside just the panel manufacturer that affect the final system price, such as installation expertise, location, racking equipment, inverter brand, warranty, and more.

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