Free Energy Savings Assessment

Solar System Cost

[titlezone]

Solar Is a Worthwhile Investment.
Breakdown of Solar Panels Cost

Cost of solar energy[/titlezone]

How Much Does Solar Energy Cost?

A typical commercial solar system size is around 60kW. Solar energy costs are divided into product and service costs. Below is a simple breakdown of the costs.

Solar panels cost

Solar Panels Cost – $109,376

Solar panels are the most expensive part of a solar system, making up:

  • 44% to 52% of the total cost.
  • Priced by $/Watt, but depends on the efficiency of the solar cells
  • Generally come with a 20+ year warranty
Solar panels cost

Cost of Solar Inverter – $21,876

The 2nd largest cost of a solar system is the solar inverter.

  • 44% to 52% of the total cost
  • 6% and 7% of the total capital investment
  • $3,000 to $20,000 (Approximately $850 p/W)
  • 10-year lifespan. Replaced at least once during the life of the panels
Cost of solar inverter

Cost of Balance of System (BOS) – $37,500

The design and installation of your solar system are essential to performance.

  • 7% and 11% of the total cost
  • Typically come with a 10-year warranty
Cost of solar energy | Balance of system cost<br /><br /><br />

Cost of Labor Installation

The design and installation of your solar system are essential to performance.

  • 7% and 11% of the total cost
  • 9% to 10% of the system’s cost
  • Typical workmanship warranty of at least 10 years
Solar panel installation cost