Cost Of Solar Panels In Delaware

Energy information administration the average home in delaware needs over 11 000 kwh per year and for the privilege of that energy you ll pay somewhere around 1 475 that s a ton of money.

Cost of solar panels in delaware.

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. National data september 2020. The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt. Customers of delmarva power in delaware are eligible for a cash rebate from the utility to reduce the cost of their solar installation.

Solar incentives rebates and tax credits available in delaware in 2020. The most significant incentive to install solar panels for homes and businesses is the federal solar tax credit at the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation. Compare the best solar energy companies in delaware in 2020 updated. Intro to solar power in delaware.

Average solar panel cost. Delmarva power and light. Another calculation that potential solar buyers have to consider is the solar payback period. This is higher than the average price of residential solar power systems across the united states which is currently 2 55 per watt.

The utility will pay 0 55 per watt of solar generating capacity up to 5kw and 0 20 w beyond 5kw. On a cost per watt w basis a solar panel installation in delaware ranges in price from 2 26 to 3 06. As of september 2020 the average solar panel cost in delaware is 2 66 w 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 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives the. As of sep 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.

There are currently 18 solar energy companies operating in delaware. According to the u s. Delaware has quickly become one of the best states in the country to make the switch to solar. As the below swanson graph shows as the cost of solar panels has dropped dramatically it is now incredibly affordable and cost effective to install and use solar in delaware.

Delaware s average cost of a solar panel installation ranges from 11 305 to 15 295. What is the current average solar panel cost in delaware based on current offers. As of july 2020 the average cost of solar panels per watt in delaware is 3 64 watt 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.