Solar panel cost Egypt: Prices & data 2024
Updated: August 14, 2024As of Sep 2024, the average cost of solar panels in Egypt is $2.54 per watt making a typical 6000 watt (6 kW) solar system $10,653 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.
Installed Egypt solar system cost by:
Solar panel installation cost in Egypt
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.
Table 2: Average cost of residential solar systems by system size
| System size* | Avg cost per watt |
Avg system cost
(After tax credit) show before tax |
|---|---|---|
| 4kW | $2.77 | $7,758 |
| 5kW | $2.66 | $9,303 |
| 6kW | $2.54 | $10,653 |
| 7kW | $2.51 | $12,301 |
| 8kW | $2.55 | $14,258 |
| 9kW | $2.46 | $15,487 |
| 10kW | $2.43 | $17,026 |
Egypt solar cost and savings calculator
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
4.74 659 Reviews
Latest review
65081, over 1 month
We have been very satisfied with Shine Solar company. Totally recommend this company if you are looking for solar and HVAC. The installation was done professionally throughout both of our installments. Our salesman answered all our questions concerning both installments. He was very detailed in the process and when we had questions, he answered promptly. We never felt pressured into our purchase. HVAC team was prompt, professional and very patient with our questions. Our house stays cool in the summer and warm in the winter months. Solar team did an excellent job setting up our solar. We were kept informed through the entire process. The apps to see how much the solar is producing are wonderful. Looking for solar? HVAC? Look at Shine Solar!
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Latest review
65081, over 1 month
We have been very satisfied with Shine Solar company. Totally recommend this company if you are looking for solar and HVAC. The installation was done professionally throughout both of our installments. Our salesman answered all our questions concerning both installments. He was very detailed in the process and when we had questions, he answered promptly. We never felt pressured into our purchase. HVAC team was prompt, professional and very patient with our questions. Our house stays cool in the summer and warm in the winter months. Solar team did an excellent job setting up our solar. We were kept informed through the entire process. The apps to see how much the solar is producing are wonderful. Looking for solar? HVAC? Look at Shine Solar!
4.63 20 Reviews
Latest review
MRD, over 1 month
Worked with Andrew, Anthony, and Patrick to have a system designed and installed at my house in Fayetteville. New Farm Solar made the process easy by sending me an electronic solar plan, showing my house, the proposed panels, shade issues, etc. and information about the panels and cost, and then getting the system approved and installed. I would recommend New Farm Solar for a new solar system!
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Latest review
MRD, over 1 month
Worked with Andrew, Anthony, and Patrick to have a system designed and installed at my house in Fayetteville. New Farm Solar made the process easy by sending me an electronic solar plan, showing my house, the proposed panels, shade issues, etc. and information about the panels and cost, and then getting the system approved and installed. I would recommend New Farm Solar for a new solar system!
4.51 1,945 Reviews
Latest review
Wylene , 1 week ago
According to specs, panels where to be installed 12 inches back from the edge of the roof. They are only 3 inches. When the snow releases it tumbles down like and avalanche and with much weight. My back porch will eventually collapse because cause of this heavy drop. I spoke with Blue Raven and they stated to get a broom and brush it off. I did not pay to have wrong installation as well as to risk injury to myself by having to go up a ladder and get on my roof during the winter. They also stated to get snow guards; however, if installed right, I would not have to spend more money. They also had no part in helping with finding proper snow guards. I questioned again on the installation not being what the specs were and they refused to take ownership stating the "inspector signed " the papers.
Read more
Latest review
Wylene , 1 week ago
According to specs, panels where to be installed 12 inches back from the edge of the roof. They are only 3 inches. When the snow releases it tumbles down like and avalanche and with much weight. My back porch will eventually collapse because cause of this heavy drop. I spoke with Blue Raven and they stated to get a broom and brush it off. I did not pay to have wrong installation as well as to risk injury to myself by having to go up a ladder and get on my roof during the winter. They also stated to get snow guards; however, if installed right, I would not have to spend more money. They also had no part in helping with finding proper snow guards. I questioned again on the installation not being what the specs were and they refused to take ownership stating the "inspector signed " the papers.
4.42 12 Reviews
Latest review
Dan Meek, over 1 month
From the moment I decided to enter into an agreement, until sign off on the project, I could not have been happier. I had researched many solar installers, national and local. Stitt, hands down is the solar installer you want. They kept me updated on where we were in the process and even worked with me on site clean up details. Truly a professional and customer-oriented business. HIGHLY recommend you talk to them about solar!
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Latest review
Dan Meek, over 1 month
From the moment I decided to enter into an agreement, until sign off on the project, I could not have been happier. I had researched many solar installers, national and local. Stitt, hands down is the solar installer you want. They kept me updated on where we were in the process and even worked with me on site clean up details. Truly a professional and customer-oriented business. HIGHLY recommend you talk to them about solar!
4.32 9 Reviews
Latest review
KateP, over 1 month
They answered my questions and they are prompt upon arrival. Absolutely wonderful people to work with. They keep you updated with schedules. I will be recommending this company and my personal sales lady Alexis to my friends
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Latest review
KateP, over 1 month
They answered my questions and they are prompt upon arrival. Absolutely wonderful people to work with. They keep you updated with schedules. I will be recommending this company and my personal sales lady Alexis to my friends
4.06 4 Reviews
Latest review
Jeff A Hayes, over 1 month
I STRONGLY recommend Perihelion Solar for your solar system. My Background: I'm a mechanical engineer with a business degree and 40 years of industry experience with product design, testing, analysis, support, and project management. I did a great deal of research on solar, panel makes/models, design options, providers, etc. before choosing Perihelion. Their proposal was similar in price to another that I had received, BUT their design was superior in several ways. Although Perihelion is a small Arkansas-based provider, they more than make up for that by being passionate about "doing solar right". Owner Andy and salesperson Jill were very thorough in answering my (many) questions about Perihelion, how to optimize my design, after sales support, warranty, contract, etc. Heath and his panel install team were amazing - their attention to detail showed. Heath was happy to let me observe the install and answered any/all my questions during the install. Wes performed the electrical/control box install and was outstanding. He encountered an issue with the local utility requirements and spent considerable extra time, expense, and installed extra equipment to meet the utility requirements (and at Perihelion expense!). He too was great to work with, explained the design details, and answered all my questions. I've had a few questions after my system was installed, and Jill and team have been very responsive. It's clear they truly want me to be a satisfied customer. The personal touch/support is one reason I chose a smaller solar provider and they've proven that to be a good decision. Bottom line: If you are looking for a solar provider that is passionate about solar and will provide you with a superior design, install, and post-sales support, I highly recommend Perihelion Solar. On top of that Perihelion associates top to bottom are some of the nicest, most professional teams which I've had the pleasure to work with.
Read more
Latest review
Jeff A Hayes, over 1 month
I STRONGLY recommend Perihelion Solar for your solar system. My Background: I'm a mechanical engineer with a business degree and 40 years of industry experience with product design, testing, analysis, support, and project management. I did a great deal of research on solar, panel makes/models, design options, providers, etc. before choosing Perihelion. Their proposal was similar in price to another that I had received, BUT their design was superior in several ways. Although Perihelion is a small Arkansas-based provider, they more than make up for that by being passionate about "doing solar right". Owner Andy and salesperson Jill were very thorough in answering my (many) questions about Perihelion, how to optimize my design, after sales support, warranty, contract, etc. Heath and his panel install team were amazing - their attention to detail showed. Heath was happy to let me observe the install and answered any/all my questions during the install. Wes performed the electrical/control box install and was outstanding. He encountered an issue with the local utility requirements and spent considerable extra time, expense, and installed extra equipment to meet the utility requirements (and at Perihelion expense!). He too was great to work with, explained the design details, and answered all my questions. I've had a few questions after my system was installed, and Jill and team have been very responsive. It's clear they truly want me to be a satisfied customer. The personal touch/support is one reason I chose a smaller solar provider and they've proven that to be a good decision. Bottom line: If you are looking for a solar provider that is passionate about solar and will provide you with a superior design, install, and post-sales support, I highly recommend Perihelion Solar. On top of that Perihelion associates top to bottom are some of the nicest, most professional teams which I've had the pleasure to work with.
3.93 7 Reviews
Latest review
Rd, over 1 month
I am delighted to share my positive experience with the entire team that worked on my solar system. The crew communication was exceptional, providing thorough explanations of the system's components, pricing details, warranty coverage, and overall functionality of the solar panels. Jaimin, in particular, showcased an impressive depth of knowledge and was always willing to clarify any queries. I left the interaction feeling completely satisfied and inclined to engage their services again in the future. While the team outside the office demonstrated excellence, I believe there's room for improvement within the office staff. Enhancing attention to detail and thoroughness in document preparation and follow-up could elevate the overall performance. Despite this suggestion, my overall experience was positive, and I wholeheartedly recommend their services.
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Latest review
Rd, over 1 month
I am delighted to share my positive experience with the entire team that worked on my solar system. The crew communication was exceptional, providing thorough explanations of the system's components, pricing details, warranty coverage, and overall functionality of the solar panels. Jaimin, in particular, showcased an impressive depth of knowledge and was always willing to clarify any queries. I left the interaction feeling completely satisfied and inclined to engage their services again in the future. While the team outside the office demonstrated excellence, I believe there's room for improvement within the office staff. Enhancing attention to detail and thoroughness in document preparation and follow-up could elevate the overall performance. Despite this suggestion, my overall experience was positive, and I wholeheartedly recommend their services.
3.75 1 Reviews
Latest review
Anonymous, over 1 month
This company installed a 3K string inverter system for me in Washington county Arkansas. Since installed I have been overwhelming impresses with the results. First I live in 1,500 square foot home, married and have 2 teenage children. My furnace and water heater are the only thing gas in my home. With this being said I have a grid tie system so I get a credit on my usage which in turn lowers my bill. My system was installed October 24th, 2014. After it being installed I have saved on average 46% of what it compares to the previous year. I guess what I'm telling this is I had one of the better days today when I received my electric bill ( that I've been eagerly waiting on with the sun staying out longer ) my bill was $28.50. I am very pleased with the install, function,warranty,company and representatives and all the $ that I have saved and will save even when the electric company decides to raise there rates which they always do. Thank you for what you have done for my family.
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Average cost (5kW system)
$29,750 ($5.95 per watt)
Latest review
Anonymous, over 1 month
This company installed a 3K string inverter system for me in Washington county Arkansas. Since installed I have been overwhelming impresses with the results. First I live in 1,500 square foot home, married and have 2 teenage children. My furnace and water heater are the only thing gas in my home. With this being said I have a grid tie system so I get a credit on my usage which in turn lowers my bill. My system was installed October 24th, 2014. After it being installed I have saved on average 46% of what it compares to the previous year. I guess what I'm telling this is I had one of the better days today when I received my electric bill ( that I've been eagerly waiting on with the sun staying out longer ) my bill was $28.50. I am very pleased with the install, function,warranty,company and representatives and all the $ that I have saved and will save even when the electric company decides to raise there rates which they always do. Thank you for what you have done for my family.
3.75 2 Reviews
Latest review
Chris, over 1 month
I've been exploring the idea of adding solar to our home for a while, but was not sure if it made the most sense for me. I finally made the decision to start talking with some local companies and reached out to Ross and EightTwenty as I had previous interactions with him and their staff. Ross was quick to take the information I provided with our energy usage, our home layout and have their team come up with a plan that would give us the best results. Ross and their team stayed in close contact, explained the specific details around the process, from getting our financing approved to working with the city and HOA for needed contracts for install, to getting the install scheduled and completed. The install itself was smooth and quickly done and outside of the panels on the roof their cleanup efforts were superb leaving no sign they were ever there. Even when our city took forever to get the inspection done (their team sat at our house for 3 days waiting for calls back from the city that never came), Ross and Josh at EightTwenty were great about communicating with us about what was being done and what to expect. Overall, it was a great experience, clear and concise communication, and would happily recommend their company to anyone seeking to add solar to their home!
Read more
Latest review
Chris, over 1 month
I've been exploring the idea of adding solar to our home for a while, but was not sure if it made the most sense for me. I finally made the decision to start talking with some local companies and reached out to Ross and EightTwenty as I had previous interactions with him and their staff. Ross was quick to take the information I provided with our energy usage, our home layout and have their team come up with a plan that would give us the best results. Ross and their team stayed in close contact, explained the specific details around the process, from getting our financing approved to working with the city and HOA for needed contracts for install, to getting the install scheduled and completed. The install itself was smooth and quickly done and outside of the panels on the roof their cleanup efforts were superb leaving no sign they were ever there. Even when our city took forever to get the inspection done (their team sat at our house for 3 days waiting for calls back from the city that never came), Ross and Josh at EightTwenty were great about communicating with us about what was being done and what to expect. Overall, it was a great experience, clear and concise communication, and would happily recommend their company to anyone seeking to add solar to their home!
3.35 3 Reviews
Latest review
Anonymous, over 1 month
I have not had a full month of daily full panel operations since install! Same 14 microinverters not reporting and roof leaks for over 10 months!! I need a resolution and the local rep in Arkansas apparently doesn't have the knowledge nor skill set needed to fix the problem
Read more
Latest review
Anonymous, over 1 month
I have not had a full month of daily full panel operations since install! Same 14 microinverters not reporting and roof leaks for over 10 months!! I need a resolution and the local rep in Arkansas apparently doesn't have the knowledge nor skill set needed to fix the problem
How much do solar systems using the most common brands of solar panels cost in Egypt in 2024?
Where there is no specific pricing information available for a brand then we have used state pricing data for that brand.
Table 2: Local solar panel manufacturers
| Solar panel manufacturer | Avg. cost per watt |
|---|---|
| Canadian Solar | $2.37 |
| LONGi Solar | $2.28 |
| LG Solar | $2.82 |
| Panasonic | $2.85 |
| SunPower | $2.96 |
Why solar panel cost should not be your only consideration when buying solar panels for your home
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!
What other factors affect the cost of solar panels for your home?
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:
The amount of electricity your home uses
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 type of solar panels you buy
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.
The quality of your solar installation
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.
Federal, state, and local solar incentives
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.
How is the cost of solar panels offset by solar tax credits in Egypt?
The cost of installing residential solar panels in Egypt 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.
Are solar panels worth it in Egypt in 2024
The table below shows the data extracted from a real life quote delivered through the SolarReviews marketplace recently for a fairly typical home in Egypt.
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.
Table 2: Cost, savings and payback period for an average residential solar system in Egypt
| System information | Value |
|---|---|
| System Size (for 100% usage offset) | 11.19 kW |
| Annual power generation | 15,202 kWh |
| Pay-back time (assuming Cash purchase) | 9.3 Years |
| Internal rate of return (IRR) on investment | 6.5% |
| Gross cost | $26,127 |
| Total Upfront Incentives and Rebates | -$6,794 |
| Net Cost of System after rebated and incentives | $19,336 |
| Total Cost of Utility Power Avoided over 25 years | $67,139 |
Please note that the investment return figures do not include the possible increase in property value