Cost Of Home Solar Panels In Delaware

As of aug 2020 the average cost of solar panels in delaware is 2 65 per watt making a typical 6000 watt 6 kw solar system 11 757 after claiming the 26 federal solar tax credit now available.

Cost of home solar panels in delaware.

Another calculation that potential solar buyers have to consider is the solar payback period. As of june 2020 the average cost of solar panels per watt in delaware is 3 64 watt. Incentives are available for customers in newark for 33 3 percent of installed costs up to 7 500 for residential installations and 15 000 for non residential customers. Systems must supply on site energy.

The cost of your system would be just about 27 000 up front but solar incentives in delaware and the u s. Delaware s average cost of a solar panel installation ranges from 11 305 to 15 295. Additionally you can sell your first year srecs for an estimated 2250. Given a solar panel system size of 5 kilowatts kw an average solar installation in delaware ranges in cost from 11 305 to 15 295 with the average gross price for solar in delaware coming in at 13 300.

On a cost per watt w basis a solar panel installation in delaware ranges in price from 2 26 to 3 06. A typical 6000 watt 6 kw solar system is 21 828 before the federal solar credit and 16 153 after claiming the federal solar tax credit. What is the current average solar panel cost in delaware based on current offers. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt.

This puts your first year investment at only 8586. This term tells us as at what time you will recover your initial investment through electricity savings from your solar system. If you design a home solar system to produce that much electricity you d need thirty 325 watt solar panels for a total system size of 9 8 kw. Green energy grant program delmarva power customers.