Sep. 30, 2024
We analyzed data from the EnergySage Solar Marketplace, which is the top comparison platform for homeowners exploring solar panel systems. This analysis reveals what solar buyers typically spend on 20 kW solar energy installations across various U.S. states.
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The prices mentioned below do not include the 26 percent federal tax credit for solar energy. Depending on your state of residence, you may qualify for additional local or state solar incentives that can further lower the cost. Additionally, you have the potential to earn money through selling your solar renewable energy certificates (SRECs). Even if there are no other incentives available in your area, it's wise to compare multiple quotes from various solar providers to ensure you are securing the best deal. Homeowners registered with EnergySage can save as much as 20 percent simply by evaluating different options for their homes.
A 20kW solar system has become the standard choice among small to medium-sized businesses in Sydney looking to reduce their daytime electricity expenses. The cost for this system ranges between $13,000 and $25,000, factoring in a government rebate of $7,400. For many businesses in Australia, solar energy is more economical than traditional grid electricity.
The cost of a fully-installed 20 kW solar system has seen a significant decline in recent years. The wholesale prices of photovoltaic panels are being driven down by market dynamics, particularly due to the expansion of solar energy production in developing countries such as India and China.
Today, the price of a 20 kW solar installation is less than one-fourth of what it used to be. This substantial reduction in initial investment enables many businesses to see a return on their investment in less than five years, making it an appealing option even if the premises are leased.
As a general estimate, the starting price for a fully installed 20 kW commercial solar system is between $13,000 and $25,000. Depending on your electricity costs and the amount of solar power you can utilize during generation, you could save approximately $8,000 annually on energy expenses.
Most businesses now prefer to upgrade their systems to include high-efficiency solar panels and modern inverters with monitoring capabilities. While this can enhance both the price and performance of the system, a top-tier installation may range from $17,500-$25,000 based on the site specifics.
Finding the optimal system for your requirements typically starts with a discovery call with one of our knowledgeable representatives, who will discuss the advantages and disadvantages of the various options available.
There are numerous factors that influence the installation of commercial solar systems, resulting in variations in installation costs. 1KOMMA5° provides comprehensive installation services, which typically include obtaining council approval and an engineering certification. It is essential to note that not all solar contractors offer this level of service, yet it is a crucial part of ensuring a safe installation and can protect board members from liability issues concerning the roof throughout the lifespan of the system.
Installation expenses can also differ based on the building structure. For instance, a shed or barn roof may incur minimal additional costs, while installations on apartment buildings or ground-mounted systems may require more extensive preparations, including long cable runs, crane rentals, and land clearing.
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