Commercial Solar Panel Upfront Cost

You ll break even after 8 years and start generating a return on your investment.

Commercial solar panel upfront cost. Average commercial solar cost breakdown now that you know the parts of the solar system it s important to understand that the costs to get a new photovoltaic array don t stop with the equipment. In texas the average cost of commercial solar panels is 7 6 lower than the national average. On average upfront costs are 11 000 with savings of 1 400 per year on foregone energy bills. We simply subtract the annual electricity savings from the upfront.

The average installed cost of solar for commercial purposes is 2 00 per watt. 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. 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.

However through 12 31 2019 the itc is valued at 30 for commercial solar.