*Prices are shown after applying the 30% federal tax credit.
As of Mar 2024, the average cost of solar panels in Alba is $2.32 per watt making a typical 6000 watt (6 kW) solar system $9,760 after claiming the 30% federal solar tax credit now available.
This is lower than the average price of residential solar power systems across the United States which is currently $3.00 per watt.
The size of a solar panel system also plays a role in how much the installation will cost.
Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’. However, these larger solar systems will still have a higher total cost, because they are made up of more individual panels.
System size* | Avg cost per watt |
Avg system cost
(After tax credit) show before tax |
---|---|---|
4kW | $2.53 | $7,098 |
5kW | $2.43 | $8,503 |
6kW | $2.32 | $9,760 |
7kW | $2.30 | $11,257 |
8kW | $2.32 | $12,969 |
9kW | $2.25 | $14,197 |
10kW | $2.23 | $15,589 |
Best unit price
$320.00 ($0.96 per watt)
Best system price
Installed 5.0kW system
$12,721.85
($2.53 p/w)
LG335N1K-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$562.50 ($1.50 per watt)
Best system price
Installed 4.9kW system
$12,120.18
($2.49 p/w)
LG375A1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$430.00 ($1.15 per watt)
Best system price
Installed 4.9kW system
$12,919.30
($2.65 p/w)
LG375Q1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$473.34 ($1.30 per watt)
Best system price
Installed 5.1kW system
$13,231.07
($2.59 p/w)
LG365Q1K-V5 overview
Rated power
365 watts
Efficiency
21.1
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$432.00 ($1.20 per watt)
Best system price
Installed 5.0kW system
$13,276.66
($2.63 p/w)
LG360Q1K-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$530.85 ($1.50 per watt)
Best system price
Installed 5.0kW system
$12,386.87
($2.49 p/w)
LG355Q1K-V5 overview
Rated power
355 watts
Efficiency
20.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$495.00 ($1.38 per watt)
Best system price
Installed 5.0kW system
$13,091.06
($2.60 p/w)
LG360Q1C-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$407.97 ($1.10 per watt)
Best system price
Installed 5.2kW system
$13,159.30
($2.54 p/w)
LG370Q1C-V5 overview
Rated power
370 watts
Efficiency
21.4
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$323.39 ($0.97 per watt)
Best system price
Installed 5.0kW system
$12,691.01
($2.53 p/w)
LG335N1C-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$338.19 ($0.99 per watt)
Best system price
Installed 5.1kW system
$0.00
($0.00 p/w)
LG340N1C-V5 overview
Rated power
340 watts
Efficiency
19.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$600.00 ($1.83 per watt)
Best system price
Installed 4.9kW system
$12,808.41
($2.61 p/w)
SPR-E20-327-COM overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$800.00 ($2.22 per watt)
Best system price
Installed 5.0kW system
$13,201.67
($2.62 p/w)
SPR-X22-360 overview
Rated power
360 watts
Efficiency
22.2
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,703.10
($2.79 p/w)
SPR-E20-327-D-AC overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,610.59
($2.77 p/w)
SPR-E20-327 overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$181.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$11,003.04
($2.16 p/w)
CS6K-300MS overview
Rated power
300 watts
Efficiency
18.33
Number of Cells
60
Cell type
Monocrystalline
Manufactured
CA
Best unit price
$196.11 ($0.65 per watt)
Best system price
Installed 5.1kW system
$9,948.02
($1.95 p/w)
LR6-60-HPB-300M overview
Rated power
300 watts
Efficiency
18.1
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$172.00 ($0.56 per watt)
Best system price
Installed 4.9kW system
$9,568.53
($1.96 p/w)
LR6-60-HPB-305M overview
Rated power
305 watts
Efficiency
18.4
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$165.00 ($0.53 per watt)
Best system price
Installed 5.0kW system
$9,761.72
($1.97 p/w)
LR6-60-HPB-310M overview
Rated power
310 watts
Efficiency
18.7
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$228.00 ($0.60 per watt)
Best system price
Installed 4.9kW system
$9,579.65
($1.94 p/w)
LR4-60HPH-380M overview
Rated power
380 watts
Efficiency
20.9
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$234.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$10,126.74
($2.00 p/w)
LR6-72HBD-390M overview
Rated power
390 watts
Efficiency
19.4
Number of Cells
144
Cell type
Mono PERC
Manufactured
CN
4.91 368 Reviews
Dan G, 4 days ago
After about 6 months of research and about 8 quotes collected, I finally settled on Lumina solar for my home solar project. With so many door-to-door pushy salespeople coming by with bad info, it was great to chat with the reps at Lumina (Gabriel was awesome) who were super knowledgeable and provided me with honest information and a great quote. Once I signed the contract for my 33 panel installation, Lumina was right there every step of the way. They kept me in the loop on all details around permitting, and did a thorough roof/attic inspection before anything started. When install day arrived, the crew got right to work, and did an amazing job, finishing the work in one day. The master electrician was very accommodating, and was able to land the inside breaker near my panel and out of sight. The whole crew was very professional and did a full cleanup before they left. I received PTO about a month after install, and was able to energize the system myself using the clear instructions from Lumina. Its been operating perfectly since day 1, and could not be happier with the overall process and service from Lumina. Highly recommend Lumina, they exceeded my expectations and continue to be available for any questions I have.
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Dan G, 4 days ago
After about 6 months of research and about 8 quotes collected, I finally settled on Lumina solar for my home solar project. With so many door-to-door pushy salespeople coming by with bad info, it was great to chat with the reps at Lumina (Gabriel was awesome) who were super knowledgeable and provided me with honest information and a great quote. Once I signed the contract for my 33 panel installation, Lumina was right there every step of the way. They kept me in the loop on all details around permitting, and did a thorough roof/attic inspection before anything started. When install day arrived, the crew got right to work, and did an amazing job, finishing the work in one day. The master electrician was very accommodating, and was able to land the inside breaker near my panel and out of sight. The whole crew was very professional and did a full cleanup before they left. I received PTO about a month after install, and was able to energize the system myself using the clear instructions from Lumina. Its been operating perfectly since day 1, and could not be happier with the overall process and service from Lumina. Highly recommend Lumina, they exceeded my expectations and continue to be available for any questions I have.
4.86 79 Reviews
Al G, over 1 month
We had a terrific experience with TerraSol. We wanted a relatively small solar panel installation to partially offset our electric costs and wanted to coordinate the installation with a larger renovation. I was really impressed by the personal attention to our small project. Rob met with us at our home. We never got any pressure to purchase a larger system. He provided a quote that was competitive with larger companies and much lower than another local installer. The TerraSol team worked seamlessly with our contractor to minimize the appearance of exterior wiring and installed the system in one day. TerraSol handled all the interactions with PECO and our township for inspections etc. System has been working flawlessly for several months now. The team was very responsive to all our questions and timely in their correspondence. We couldn't have asked for a better experience.
Read more
Average cost (5kW system)
$25,900 ($5.18 per watt)
Al G, over 1 month
We had a terrific experience with TerraSol. We wanted a relatively small solar panel installation to partially offset our electric costs and wanted to coordinate the installation with a larger renovation. I was really impressed by the personal attention to our small project. Rob met with us at our home. We never got any pressure to purchase a larger system. He provided a quote that was competitive with larger companies and much lower than another local installer. The TerraSol team worked seamlessly with our contractor to minimize the appearance of exterior wiring and installed the system in one day. TerraSol handled all the interactions with PECO and our township for inspections etc. System has been working flawlessly for several months now. The team was very responsive to all our questions and timely in their correspondence. We couldn't have asked for a better experience.
4.85 113 Reviews
Messick Farm Equipment, 3 days ago
Installation was seamless and timely. They followed through on everything they promised. Communication is quick and clear. The quality of the installation is good. Enjoyed working with this company very much.
Read more
Average cost (5kW system)
$16,000 ($3.20 per watt)
Messick Farm Equipment, 3 days ago
Installation was seamless and timely. They followed through on everything they promised. Communication is quick and clear. The quality of the installation is good. Enjoyed working with this company very much.
4.85 526 Reviews
Ajit, 1 week ago
SEW did a great job in solar installation right from the initial consulting to the final installation. They were very responsive, willing to work with the clients on their specific needs, customization, etc. My solar advisor/rep was Katie and she is absolutely fantastic and did a perfect job in the right communication throughout this process. Katie took her time to explain the entire process and was regularly in touch with us till the installation was completed. We were probably one of the tougher customers to deal with and so we really appreciate all the patience and cooperation that Katie and SEW team showed. The installation crew was also very professional in their job. No issues at all. After the installation, we realized that our consumption meter was not properly activated. SEW responded very quickly to connect us with their service team to fix this. It speaks for their value of the customer even after the installation is completed!!! Highly recommend SEW for solar installation!!
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Ajit, 1 week ago
SEW did a great job in solar installation right from the initial consulting to the final installation. They were very responsive, willing to work with the clients on their specific needs, customization, etc. My solar advisor/rep was Katie and she is absolutely fantastic and did a perfect job in the right communication throughout this process. Katie took her time to explain the entire process and was regularly in touch with us till the installation was completed. We were probably one of the tougher customers to deal with and so we really appreciate all the patience and cooperation that Katie and SEW team showed. The installation crew was also very professional in their job. No issues at all. After the installation, we realized that our consumption meter was not properly activated. SEW responded very quickly to connect us with their service team to fix this. It speaks for their value of the customer even after the installation is completed!!! Highly recommend SEW for solar installation!!
4.84 114 Reviews
Charles L., over 1 month
I started working with Exact Solar in June 2021. They were consistently responsive and very helpful in all aspects of the design and permitting part of the process. Once the necessary approval and supply issues were taken care of, the installation itself was completed quickly and professionally, with the system going online in December/January. Exact Solar was also very helpful with setting up net metering and SREC accounts. I highly recommend their services!
Read more
Average cost (5kW system)
$12,400 ($2.48 per watt)
Charles L., over 1 month
I started working with Exact Solar in June 2021. They were consistently responsive and very helpful in all aspects of the design and permitting part of the process. Once the necessary approval and supply issues were taken care of, the installation itself was completed quickly and professionally, with the system going online in December/January. Exact Solar was also very helpful with setting up net metering and SREC accounts. I highly recommend their services!
4.79 79 Reviews
Janet W, 4 weeks ago
My family and I have wanted to install solar on our home for years, but unfortunately were never able to do so until our recent move. Our new home is perfectly situated for solar, so I started searching for a solar company in the tail end of December 2023. I wound up with two options, one of which was SavKat Solar, and made appointments with both companies. Jay from SavKat came out to our house on 12/26/2023 and spent several hours explaining EVERYTHING to me in great detail. He reviewed whether or not my house was a good fit for solar and why, then went over the different system sizes that are available and the warranties that go with each one. He explained the entire installation process from start to finish, including how long each of the steps in the process usually takes, and worked with me to figure out how many panels my family and I would need, as well as what the best location for each panel would be. He was open and honest about pricing and repayment options, and thoroughly answered and addressed each and every one of my questions and concerns. And when my daughter came home from work, he even spent extra time explaining everything to her! Neither one of us felt rushed or pressured into making a decision. He made us both feel extremely comfortable about asking him questions, and made sure that we understood everything. He told us to reach out to him with any questions we thought of after he left, and even e-mailed us all of the information that he spoke with us about so that we could review it and make a decision in our own time. Talk about service! I can't say the same about the other company. Jay also invited us to take a tour of the SavKat facilities, which I did on 1/3/2024. While there, I met multiple employees - including the owner - who were not only kind, but also quick to answer all of the questions that I had as well. After talking things over with my family, we decided to request an additional 3 panels so that we could be sure that we had enough wattage, and both Jay and the employees at SavKat were more than willing to accommodate our request. We signed a contract with them that day. Each and every step of the entire project happened faster than Jay had led us to expect, part of which might have been due to the fact that not a lot of people install solar in the beginning of the year. When the solar panels themselves were installed, every one of the employees were nice, quick, and efficient, and everything was explained to my family and I after it was done. Our new electric meters were installed today, so I'm hoping that we'll get permission to operate tomorrow. I can't say enough wonderful things about everyone at SavKat, especially Jay. Every time I've reached out to Jay, even when he was on a business trip, he has been extremely responsive, no matter how small my question might seem, and I was never once spoken down to or made to feel like I should know something that I didn't. If I could work with SavKat forever, I would. I wish more companies were as amazing as they are!
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Janet W, 4 weeks ago
My family and I have wanted to install solar on our home for years, but unfortunately were never able to do so until our recent move. Our new home is perfectly situated for solar, so I started searching for a solar company in the tail end of December 2023. I wound up with two options, one of which was SavKat Solar, and made appointments with both companies. Jay from SavKat came out to our house on 12/26/2023 and spent several hours explaining EVERYTHING to me in great detail. He reviewed whether or not my house was a good fit for solar and why, then went over the different system sizes that are available and the warranties that go with each one. He explained the entire installation process from start to finish, including how long each of the steps in the process usually takes, and worked with me to figure out how many panels my family and I would need, as well as what the best location for each panel would be. He was open and honest about pricing and repayment options, and thoroughly answered and addressed each and every one of my questions and concerns. And when my daughter came home from work, he even spent extra time explaining everything to her! Neither one of us felt rushed or pressured into making a decision. He made us both feel extremely comfortable about asking him questions, and made sure that we understood everything. He told us to reach out to him with any questions we thought of after he left, and even e-mailed us all of the information that he spoke with us about so that we could review it and make a decision in our own time. Talk about service! I can't say the same about the other company. Jay also invited us to take a tour of the SavKat facilities, which I did on 1/3/2024. While there, I met multiple employees - including the owner - who were not only kind, but also quick to answer all of the questions that I had as well. After talking things over with my family, we decided to request an additional 3 panels so that we could be sure that we had enough wattage, and both Jay and the employees at SavKat were more than willing to accommodate our request. We signed a contract with them that day. Each and every step of the entire project happened faster than Jay had led us to expect, part of which might have been due to the fact that not a lot of people install solar in the beginning of the year. When the solar panels themselves were installed, every one of the employees were nice, quick, and efficient, and everything was explained to my family and I after it was done. Our new electric meters were installed today, so I'm hoping that we'll get permission to operate tomorrow. I can't say enough wonderful things about everyone at SavKat, especially Jay. Every time I've reached out to Jay, even when he was on a business trip, he has been extremely responsive, no matter how small my question might seem, and I was never once spoken down to or made to feel like I should know something that I didn't. If I could work with SavKat forever, I would. I wish more companies were as amazing as they are!
4.79 84 Reviews
Eric G, over 1 month
I decided to get solar early in 2023. When I signed the contract, there were supply delays with the panel manufacturer, and they gave me a late 2023 (Oct-Nov) timeframe for installation. But they worked with the manufacturer and were able to get them sooner and installed second week of August. I've had them now for 3 months. In August, since it was a partial month, I had a small electric bill. But Sept and October, my net usage was 0, so my bill was $15 (the monthly customer charge). And I banked almost 400 kwh in those 3 months. Overall, I'm happy with my solar. The panels that I chose aren't the cheapest around but they are one of the best on the market. The Evoke team have specific people dedicated to each step, from ordering to permits to install to post-install. And you can get one of the owners (husband/wife) on the phone easily if you have questions, Very easy to work with.
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Average cost (5kW system)
$23,200 ($4.64 per watt)
Eric G, over 1 month
I decided to get solar early in 2023. When I signed the contract, there were supply delays with the panel manufacturer, and they gave me a late 2023 (Oct-Nov) timeframe for installation. But they worked with the manufacturer and were able to get them sooner and installed second week of August. I've had them now for 3 months. In August, since it was a partial month, I had a small electric bill. But Sept and October, my net usage was 0, so my bill was $15 (the monthly customer charge). And I banked almost 400 kwh in those 3 months. Overall, I'm happy with my solar. The panels that I chose aren't the cheapest around but they are one of the best on the market. The Evoke team have specific people dedicated to each step, from ordering to permits to install to post-install. And you can get one of the owners (husband/wife) on the phone easily if you have questions, Very easy to work with.
4.73 571 Reviews
Simmons, 6 days ago
Everybody was so professional they arrived on time, they included me in on every step of the way. We are so pleased with the workmanship.
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Simmons, 6 days ago
Everybody was so professional they arrived on time, they included me in on every step of the way. We are so pleased with the workmanship.
4.65 47 Reviews
Harrison R, 2 weeks ago
I recently had the pleasure of working with Bright Eye Solar, and I can confidently say they exceeded all my expectations. From the initial consultation to the final installation, their team demonstrated professionalism, expertise, and a genuine commitment to customer satisfaction. One of the aspects that truly impressed me was their personalized approach. They took the time to understand my specific energy needs and provided tailored solutions that fit perfectly with my home. Their attention to detail and willingness to answer all my questions ensured that I felt informed and confident throughout the entire process. The installation itself was seamless. The technicians were skilled, efficient, and respectful of my property. They completed the job in a timely manner without sacrificing quality, and the end result speaks for itself - a sleek, efficient solar system that is already making a noticeable impact on my energy usage. Not only am I thrilled with the financial benefits of switching to solar energy, but I also feel good knowing that I'm contributing to a more sustainable future. Bright Eye Solar's dedication to renewable energy and environmental responsibility is evident in everything they do, and it's inspiring to see a company so committed to making a positive impact. Overall, I can't recommend Bright Eye Solar highly enough. If you're considering making the switch to solar energy, look no further. With their expertise, professionalism, and unwavering commitment to customer satisfaction, you can trust Bright Eye Solar to illuminate the path to a brighter, more sustainable future.
Read more
Average cost (5kW system)
$12,000 ($2.40 per watt)
Harrison R, 2 weeks ago
I recently had the pleasure of working with Bright Eye Solar, and I can confidently say they exceeded all my expectations. From the initial consultation to the final installation, their team demonstrated professionalism, expertise, and a genuine commitment to customer satisfaction. One of the aspects that truly impressed me was their personalized approach. They took the time to understand my specific energy needs and provided tailored solutions that fit perfectly with my home. Their attention to detail and willingness to answer all my questions ensured that I felt informed and confident throughout the entire process. The installation itself was seamless. The technicians were skilled, efficient, and respectful of my property. They completed the job in a timely manner without sacrificing quality, and the end result speaks for itself - a sleek, efficient solar system that is already making a noticeable impact on my energy usage. Not only am I thrilled with the financial benefits of switching to solar energy, but I also feel good knowing that I'm contributing to a more sustainable future. Bright Eye Solar's dedication to renewable energy and environmental responsibility is evident in everything they do, and it's inspiring to see a company so committed to making a positive impact. Overall, I can't recommend Bright Eye Solar highly enough. If you're considering making the switch to solar energy, look no further. With their expertise, professionalism, and unwavering commitment to customer satisfaction, you can trust Bright Eye Solar to illuminate the path to a brighter, more sustainable future.
4.64 60 Reviews
Jared Fretz, over 1 month
I had a solar project installed in December of 2021. I wanted to wait to see how the system performed before leaving a review. It's now September and I haven't had an electric bill since March. In fact, my energy use has been in the negative. We produce more than we use. I love it! In addition, the monthly loan payment is at or around what my electric bill was. It's a total win. Everyone we had contact with in the company were very friendly, professional and knowledgeable. My wish is that I had done this sooner.
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Jared Fretz, over 1 month
I had a solar project installed in December of 2021. I wanted to wait to see how the system performed before leaving a review. It's now September and I haven't had an electric bill since March. In fact, my energy use has been in the negative. We produce more than we use. I love it! In addition, the monthly loan payment is at or around what my electric bill was. It's a total win. Everyone we had contact with in the company were very friendly, professional and knowledgeable. My wish is that I had done this sooner.
Where there is no specific pricing information available for a brand then we have used state pricing data for that brand.
Solar panel manufacturer | Avg. cost per watt |
---|---|
Canadian Solar | $2.17 |
LG Solar | $2.58 |
SunPower | $2.71 |
Panasonic | $2.61 |
LONGi Solar | $2.09 |
The most important difference between buying solar panels and any other purchase is that solar panels last 25-30 years. This is a long, long time and you will need customer service over all that time. The reviews below of the two largest corporate solar installation companies indicate larger corporate solar companies are not delivering this support to their customers.
We recommend you find a small or mid-size, local, family-owned solar company. These companies tend to care more about you and your specific job. You don't want to be on hold to a corporation's call center for the next 25 years!
The cost of solar doesn't just include the equipment and installation costs - it’s also made up of permitting costs, inspection costs, and installer profit margins.
These different components are what make the price of solar fluctuate between installations. Some of the factors that affect solar power system installation costs for specific homes include:
Homes that use more electricity will need more solar panels to cover their energy needs.
Although solar panels do get cheaper on a per-watt basis, the overall cost of the system will increase as more panels are added.
But, the higher a home’s energy usage, the more solar panels can save the homeowners on their energy bills.
The price of solar panels can vary depending on the type of solar panels you choose.
There are two main types of solar panels for residential solar installations: monocrystalline and polycrystalline. Monocrystalline solar panels tend to be more efficient and more expensive than other solar panels. Polycrystalline panels have a lower efficiency rating and come at a lower price point.
The type of inverter you buy will also influence the cost of your solar system.
You may see some solar quotes with prices that seem too good to be true.
If you get quoted for a ridiculously cheap price, the installer might be using low-quality equipment or an unsustainable pricing model. You want to use a solar installer that is charging enough so that they can stay in business - as you’ll be relying on them for the next 25 years!
It’s important to make sure that your installer is giving you the best quality at the best price possible. This is why getting multiple solar quotes is so important.
The overall cost of solar can be influenced by the solar incentives available.
Across the U.S., homeowners can apply for the federal solar tax credit. The solar tax credit makes installing solar more cost-effective by providing homeowners with a tax credit equal to 30% of the cost of their installed solar panel system.
Local solar tax incentives and rebates can end up saving homeowners thousands on a solar installation, especially when they’re used with the federal solar tax credit.
See what solar incentives are available in your area by using our solar panel calculator.
The cost of installing residential solar panels in Alba varies with the brand of solar panels and inverters you choose, the installation company you choose to install them, the relative ease or difficulty of installing solar panels on your home, and of course the amount of solar panels you need. The amount of solar panels you need is, in turn, related to your energy usage.
The table below shows the data extracted from a real life quote delivered through the SolarReviews marketplace recently for a fairly typical home in Alba.
As you can see the payback period is relatively short and equates to a much better return on investment than he historical returns that have been available from investing in things like shares or property.
System information | Value |
---|---|
System Size (for 100% usage offset) | 10.17 kW |
Annual power generation | 11,317 kWh |
Pay-back time (assuming Cash purchase) | 9.5 Years |
Internal rate of return (IRR) on investment | 6% |
Gross cost | $23,447 |
Total Upfront Incentives and Rebates | -$6,097 |
Net Cost of System after rebated and incentives | $17,353 |
Total Cost of Utility Power Avoided over 25 years | $58,076 |