Commercial Solar Panel Upfront Cost

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.

Commercial solar panel upfront cost.

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. We simply subtract the annual electricity savings from the upfront. You ll break even after 8 years and start generating a return on your investment. In texas the average cost of commercial solar panels is 7 6 lower than the national average.

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. Businesses are increasingly realizing the monetary benefits of installing commercial solar panels. The average installed cost of solar for commercial purposes is 2 00 per watt. On average upfront costs are 11 000 with savings of 1 400 per year on foregone energy bills.

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