Installing solar panels can cost anywhere between $15,000 and $25,000. Thin-film solar panels are more inexpensive than their counterparts but require a large amount of space, and hence, are primarily used in industrial settings. On average, thin-film solar panels cost between $1 and $1.50 per watt, meaning that outfitting a 6kW solar panel system costs between $6,000 and $9,000. Less energy-efficient than monocrystalline solar panels, polycrystalline solar panels cost $0.90 to $1 per watt, so outfitting a 6kW solar panel system would cost between $5,400 and $6,000 making it a more affordable option. On average, monocrystalline solar panels (the most energy-efficient solar panel option) cost $1 to $1.50 per watt, meaning that outfitting a 6kW solar panel system (also known as a solar system) costs between $6,000 and $9,000. Cost of Solar Panels by Type Monocrystalline Solar Panels may not be seeing that level of development. Regions with higher usage and statistically more sunny days per year will typically have robust incentive programs built in place already, whereas other areas of the U.S. Of course, solar panel costs and pricing estimates will vary by state and by region. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Home does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Home. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Home site. The Forbes Home editorial team is independent and objective.
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