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.

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. Systems must supply on site energy. Delaware s average cost of a solar panel installation ranges from 11 305 to 15 295. This puts your first year investment at only 8586.

Will take care of a huge chunk of that. This term tells us as at what time you will recover your initial investment through electricity savings from your solar system. As of june 2020 the average cost of solar panels per watt in delaware is 3 64 watt. 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. The cost of your system would be just about 27 000 up front but solar incentives in delaware and the u s. Another calculation that potential solar buyers have to consider is the solar payback period. Green energy grant program delmarva power customers.

Additionally you can sell your first year srecs for an estimated 2250. Considering an average delaware installation price of 16 650 for a 5kw system you will see an immediate return of 4995 federal rebate and an estimated first year savings of around 819 in energy costs. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per 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.