Commercial Solar Systems Cost

Nrel analyzes the total costs associated with installing photovoltaic pv systems for residential rooftop commercial rooftop and utility scale ground mount systems.

Commercial solar systems cost. According to a 2016 sunpower survey 87 of business respondents cite saving money as one of the primary reasons for funding solar projects with some projected to save hundreds of thousands of dollars or more in electricity costs over the life of their commercial solar panel system. The average cost of installed residential solar power systems is currently 2 53 per watt a typical 6kw system costs 11 248 after claiming the 26 solar tax credit. Solar companies can typically get a single solar panel at a price of 0 75 per watt. Greentech media provides the following estimates for the solar cost per watt for residential commercial and utility scale systems.

Therefore if the solar panel output is 250 watts that single panel might cost you 187 50. Sma fronius solaredge pv powered schneider electric and ge. This work has grown to include cost models for solar plus storage systems. Commercial solar systems by solar electric supply ses are custom solar panel grid tie power systems for commercial buildings using rec solarworld hanwha trina and canadian solar solar panels.

The type of solar panel system required will depend on the size of the commercial business and therefore the range of wattage and price will scale. We offer below factory direct pricing with factory technical support available and can assist with the. Since 2010 nrel has benchmarked the full cost of pv systems. The 2018 average reported by the national renewable energy laboratory is 1 83 per watt.

The most popular systems for businesses have a 5 9kw output but a commercial operation with large spaces of land may require a system with an output of 25kw to even as much as 200kw. Businesses recover about 45 percent of solar panels costs within the first year through tax credits and rebate programs. Residential solar cost per watt 2 92 2 96 7 commercial solar cost per watt 1 54 1 56 utility scale solar cost per watt 0 99 1 03. Solar panel cost data 2020 updated.

Commercial solar installation costs for small and mid sized businesses range from 43 000 for a 25 kw system up to 175 000 for a 100 kw system. However if a homeowner is trying to buy one or two panels on their own for a small diy project they will likely pay closer to 1 per watt. Using microinverters or power optimisers will add around 15 20 to the overall final cost compared to using a string or central inverter system.