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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 ranges are system prices BEFORE the 26 percent federal tax credit for solar. Additionally, EnergySage does not currently provide quotes in all 50 states, which limits our ability to provide solar panel cost estimates in each.

In general, states where homeowners need to use air conditioning more often have more average electricity used per household. As such, some of the largest solar panel systems are installed in sunny, warm states like Arizona and Florida. Why does this matter? For solar installers, the larger your system, the less they will usually charge per kilowatt-hour (kWh). It’s like buying in bulk at Costco – you might pay a higher sticker price, but your per-unit costs are lower when you buy more at one time. We’ll dive into this phenomenon more below.

Back to solar panels. In the end, this very roughly translates to lower $/W pricing in warm states and higher $/W pricing in cold states. But in the end, total pricing is usually close to a wash – warm states have a lower price per watt, but larger system sizes, and cold states have a higher price per watt, but smaller system sizes.

The biggest takeaway from this data isn’t that some states are “better” than others when it comes to solar prices: it’s that solar is affordable across the board. Almost every single state falls within a $0.50 cent margin of the $2.77/W national average. Solar isn’t only worth it in the regions of the United States where costs are extremely low – there is a healthy trend of adoption across states without direct correlation to the lowest $/W. For example, New Jersey, Massachusetts, Virginia, and Georgia are all in the top 10 solar states in the United States for installed solar capacity, but are higher than the national average for $/W.

Panel brand and equipment quality

Another way to break down solar panel price data is by the panel brand. The following table was made using data from the EnergySage Marketplace and tracks the average cost of 6 kW and 10 kW solar panel systems by the brand of solar panel used in the installation project.

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.

The price you pay for a solar panel brand is reflective of panel quality to a degree. For example, systems using SunPower panels see the highest average prices ($20,580 for a 6 kW system and $34,300 for a 10 kW system), and SunPower is known for producing well-made, high-efficiency products. 

Interestingly, there aren’t that many outliers when it comes to brand pricing, and most manufacturers generally see similar cost ranges. It’s important to keep in mind that when comparing system prices based on panel brands, there are so many factors aside from just panel manufacturer that impact the final system price – like installer experience, location, racking equipment, inverter brand, warranty and more.

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