Commercial Solar Panel Upfront Cost

Businesses are increasingly realizing the monetary benefits of installing commercial solar panels.

Commercial solar panel upfront cost.

In texas the average cost of commercial solar panels is 7 6 lower than the national average. 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. The 2018 average reported by the national renewable energy laboratory is 1 83 per watt.

We simply subtract the annual electricity savings from the upfront. 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. You ll break even after 8 years and start generating a return on your investment. However through 12 31 2019 the itc is valued at 30 for commercial solar.

On average upfront costs are 11 000 with savings of 1 400 per year on foregone energy bills.