Sep. 30, 2024
We looked at data from the EnergySage Solar Marketplace, the leading comparison-shopping platform for homeowners considering home solar panel systems, to find out just how much solar shoppers are paying for 20 kW solar energy systems in different states across the U.S.
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The prices listed below have not had the 26 percent federal tax credit for solar deducted. Depending on where you live, you might have additional state or local solar incentives and rebates that reduce the price even more. You may also earn extra income by selling your system's solar renewable energy certificates (SRECs). Even if there are no other incentives where you live, comparing multiple offers from solar companies is important to ensure you're finding the best deal. Homeowners who register their property on EnergySage save up to 20 percent just by shopping around for the right option for their home.
A 20kW solar system has become the standard size of the solar system for small and medium businesses in Sydney to cut costs on daytime electricity bills. The system costs $13,000 to $25,000 with a government rebate of $7,400. Solar power is cheaper than grid electricity for most businesses in Australia.
The price of a fully installed 20kW system has fallen dramatically in recent years. The wholesale price of photovoltaic panels continues to be driven down by market conditions, in particular by the growth of solar in developing markets such as India and China.
A 20kW solar system is now less 1/4 of the price it was in . This significant drop in initial outlay allows many businesses to see a return on their investment in well under 5 years, making it an attractive option even if you are leasing your premises.
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As a rough guide, the price of a fully installed 20kW commercial solar system starts at around $13,000 &#; $25,000 and can save you up to around $8,000 a year on your power bills depending on the price you pay for your electricity and how much solar power you are able to use at the time it is generated.
Most businesses will then choose to upgrade their system to high-efficiency panels and to include the latest inverter and monitoring technology. This can increase both the price and the performance of the system. An absolute top-of-the-range system will be in the ballpark of $17,500-$25,000 depending on the site.
Finding the right system for your needs will typically involve a discovery call with one of our representatives, who can run through the pros and cons of the different options.
There are a number of factors that need to be considered when installing a commercial solar system, hence installation costs can vary considerably.1KOMMA5° offers a full installation service, which means we will typically take care of council approval and an engineering certificate. Not all solar installers offer this level of service, however, it is a critical part of the process that ensures a safe installation, and it can also absolve board members of liability in the event of any issue with the roof over the life of the system.
Installation costs can also vary, for example, a shed or barn roof will have very few if any additional installation costs, whereas an apartment building or a ground-mounted array may have additional costs such as long cable runs, crane hire, and site preparation such as clearing trees and laying foundations.
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