Solar Costs 2018

Photos show a solar installation from 1988 left and a present day version.

Solar costs 2018.

1 based on our bottom up modeling the q1 2018 pv cost benchmarks are 2 70 wdc 3 11 wac for residential systems 1 83 wdc 2 10 wac for commercial systems 1 06 wdc 1 38 wac for fixed tilt utility scale systems and 1 13 wdc 1 54 wac for one axis tracking utility scale systems. Like solar you can think of the costs as both a gross price and a price per relative capacity. In 2018 the u s. Wind capacity additions increased 18 from 2017 to 2018 as the average construction cost for wind.

Solar panel costs for an average sized installation in the u s. Solar power costs dropped dramatically in 2018 solar. Specifically the q1 pv cost benchmarks are 2 70 per watt of direct current wdc for residential systems a 4 9 percent cost decline 1 83 per wdc for commercial systems a 2 6 percent decrease 1 06 per wdc for fixed tilt utility scale systems a 1 9 percent increase and 1 13 per wdc for one axis tracking utility scale systems a 0 9 percent increase. Qualified natural gas propane or oil furnaces and qualified natural gas propane or oil hot water boilers.

With energy prices on the rise this may be the perfect time. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. The inflation adjusted system cost differences between q1 2017 and q1 2018 are a 0 14 wdc decrease for residential pv a 0 05 wdc decrease for commercial pv a 0 02 wdc increase for fixed tilt utility scale pv and a 0 01 wdc increase for one axis tracker utility scale. Installing a solar panel system costs an average of 23 597 and dropping most homeowners pay between 16 532 and 30 820 expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.

Certain advanced main air circulating fans used in natural gas propane or oil furnaces. The average construction cost for solar photovoltaic generators was still higher than wind and natural gas. After a year in which the residential sector experienced 15 contraction 2018 marked a year of rebound as the residential market grew by 7. Note that these prices are only for the battery itself not for the cost of installation or additional necessary equipment.

How does system size impact the cost of solar. To qualify for the credit qualified residential energy property must meet certain energy efficiency requirements. Solar batteries range from 5 000 to 7 000 and from 400 dollars per kilowatt hour kwh to 750 kwh.