Solar Panel Prices Drop Again

Happy New Years!  On this day of celebration, I’m raising a glass to the decreasing cost of solar!

I just took a peek at my favorite Solar Panel Cost Comparison website and saw that prices have dropped again.

70 cents per watt

Previously, I posted some sample pricing of a DIY solar panel kit using panels priced at 80 cents/watt.  At that cost, a 1 kW system came out to $1.80/watt before any utility or government subsidies.

Using the new, lower PV prices and the same process I outlined here for quotes, I put together a sample kit* with a larger array of 4.6 kW to accommodate the minimum order on the 70 cent/watt panels:

4.6 kW kit

The 10 cent/watt decrease in panel costs resulted in total system pricing of $1.70/watt ($7800/4.6 kW) before any utility or government subsidies or SREC payments.

Cheers!

*Micro-Inverter and Mounting Hardware pricing quoted here and here.