About Solar PV module price per watt
According to the most recent data from the EnergySage Marketplace, the average cost-per-watt across the U.S. is around $2.53/W before incentives. Your state-level average cost-per-watt will be a more relevant benchmark, but those numbers vary widely.
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About Solar PV module price per watt video introduction
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6 FAQs about [Solar PV module price per watt]
How much does a solar system cost per watt?
As of publishing, the average cost per watt is $2.84. Most solar companies set the price according to the solar system's wattage. A solar installation's “cost per watt” is a little like the “price per square foot” when you buy a house. It helps compare the value of solar energy systems in different sizes.
How much does a PV module cost?
The November 2021 technical report considers a PV module cost of $0.34 per watt, which is equivalent to: As the size of a solar array increases, photovoltaic modules represent a higher percentage of total costs, while the percentage of soft costs decreases.
How much do solar panels cost?
The price of solar panels changes depending on where you live, but the average for installation is just under $29,000 or $2.75 per watt. On the high end, we talked to a solar customer in Hawaii who spent $100,000 going solar. Dion in Nevada said their 10-kW system cost about $20,000, which is about the national average price for a 7-kW system.
How much does a commercial solar system cost?
Commercial solar installations are a great way for companies to lower energy costs. Generally, installing solar panels on businesses costs a bit less per watt because the systems are larger, but the total costs will be higher. In 2025, the average cost for commercial solar panels is just about $2.00 per watt.
How much does a 12 kW solar panel cost?
The average cost of a 12 kW solar panel installation on EnergySage is $20,754 after the federal tax credit. You'll probably save anywhere from $34,000-$120,000 over 25 years by going solar. Solar panels are just 12% of the total cost of a solar panel installation.
How much does a CPV solar system cost?
Concentrated photovoltaic (CPV) panels are $0.80 to $1.10 per watt. While not as well-known as other types of panels, CPV panels are highly efficient and may grow in popularity. A 6 kW solar system would cost $4,800 to $6,600. A single solar cell costs about $0.30 and most panels use 60 or 72 cells. The more cells in a panel, the higher the cost.