Commercial Solar Panel Upfront Cost

In texas the average cost of commercial solar panels is 7 6 lower than the national average.

Commercial solar panel upfront cost.

We simply subtract the annual electricity savings from the upfront. Businesses are increasingly realizing the monetary benefits of installing commercial solar panels. The average solar panel payback period is 7 to 12 years depending on where you live and the cost of electricity. Solar is often thought about in terms of the price per watt of power capacity which equalizes system costs similar to the price per square foot metric the in real estate sector.

The 2018 average reported by the national renewable energy laboratory is 1 83 per watt. However through 12 31 2019 the itc is valued at 30 for commercial solar. The average installed cost of solar for commercial purposes is 2 00 per watt. With a payback in the mid single digits and a typical internal rate of return irr exceeding 10 most companies find that solar makes sense purely as a financial investment.

As such the up front cost of 1 064 350 will be reduced by 30 319 305 so the new cost of commercial solar is 745 045.