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.
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:
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.
*Micro-Inverter and Mounting Hardware pricing quoted here and here.
As discussed in previous posts here and here, the cost of installing solar panels can be greatly reduced by utility company rebates. But, what if your utility company doesn’t have an incentive program? Or your roof doesn’t qualify due to the direction your roof faces? Fortunately, without the utility’s involvement you retain ownership of the SRECs and can sell them on the Continue reading