Why Are Solar Panels So Expensive To Manufacture

It s usually because you re getting ripped off by a turnkey installer with obscene markups on installation costs.

Why are solar panels so expensive to manufacture.

Panels collectors and batteries can account for up to 25 of the total cost for a new system. Due to the importance of cost per wattage there is a distinct chance that the most expensive option may not be the right choice for you. That means in about five years an average 6 kilowatt kw system has dropped in price by over 5 000. Hardware is the largest expense for new solar installations.

If solar seems expensive it s probably because your turnkey installer is ripping you off. The cost of solar in the us. In most cases you actually don t need the most efficient equipment to produce all the electricity that your home needs. On energysage we ve seen the cost of solar drop from 3 86 per watt to now under 3 per watt since the end of 2014 alone.

The cost of solar panels has decreased continuously and drastically in the past 40 years equaling 76 per watt in 1977 versus roughly 0 65 in 2016. The office of energy efficiency and renewable energy estimates that up to 64 of solar system prices come from soft costs. The competition was just unbalanced. The more efficient the solar panel the more expensive it is.

Why are solar panels so expensive.