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On average, the total cost of solar panel installation can range between $15,000 to $25,000, according to the Center for Sustainable Energy. However, solar panel installations can cost much more ...
The cost of a solar PV module make up the largest part of the total investment costs. As per the recent analysis of Solar Power Generation Costs in Japan 2021, module unit prices fell sharply. In 2018, the average price was close to 60,000 yen/kW, but by 2021 it is estimated at 30,000 yen/kW, so cost is reduced by almost half.
While in 1977 prices for crystalline silicon cells were about $77 per watt, average spot prices in August 2018 were as low as $0.13 per watt or nearly 600 times less than forty years ago. Prices for thin-film solar cells and for c-Si solar panels were around $.60 per watt. [43]
However, in some regions, cleaning is not cost-effective. In California as of 2013 soiling-induced financial losses were rarely enough to warrant the cost of washing the panels. On average, panels in California lost a little less than 0.05% of their overall efficiency per day. [63]
As of May 2019, the average cost of a traditional, roof-mounted residential solar panel installation in the United States was just above $3.00 per watt, according to the Solar Energy Industry Association. [13]
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