Solar panel prices have dropped dramatically since we purchased ours in 2010. While we paid $2.28/watt for our panels, they are now available for as little as $0.78/watt!* What this means, is that you could purchase an entire solar panel installation kit** for about $6000 BEFORE any power company incentives and tax rebates! That’s about what we paid out of pocket AFTER our power company incentives and tax rebates. Crazy. I love technology, it gets cheaper and better so quickly, it just amazes me.
Here’s a link to my favorite resource for comparing current solar panel costs: Solar Panel Price Survey
**The “kit” I referenced is just a way of saying the panels are not the only cost involved in solar panel installation. There’s also mounting hardware and rails, an inverter, wiring and cables and miscellaneous fees like building and electrical permits. (detailed in this post)