How much does a 3 kW solar system cost?

Based on the U.S. average cost of solar of $2.66 per watt, a 3 kW — or 3,000 watt (W) — solar system costs an average of $7,980, or $5,905 after factoring in the 26% federal solar tax credit. The solar tax credit is expected to drop to 22% in 2023, so the sooner you buy your solar panels, the more you’ll save.

How much energy does a 3 kW solar system produce?

Any additional equipment, like a solar battery for energy storage, will raise the cost. How Much Energy Does a 3 kW System Produce? On average, a 3 kW system will produce roughly 375 kilowatt-hours (kWhs) of electricity per month, or between 4,000 and 5,000 kWhs per year.

How much does a solar system cost per watt?

As of publishing, the average cost per watt is $2.84. Most solar companies set the price according to the solar system's wattage. A solar installation's “cost per watt” is a little like the “price per square foot” when you buy a house. It helps compare the value of solar energy systems in different sizes.

Are 3 kW solar panels worth it?

That means a 3 kW solar panel system in sunny Florida is going to produce more energy than a 3 kW system in Oregon, despite them being the same size. With that said, solar panels are still worth it in less sunny states, they may just not save you as much money.

Should I install a 3 kilowatt solar system on my home?

If you have high electricity bills, installing a 3,000 watt (3 kilowatt) solar energy system on your home can be a great way to reduce your monthly costs. In order to maximize your long-term solar savings, you want to be confident that you’re getting a good price for your solar energy investment.

How much does a 3 kW solar panel cost in 2024?

Let’s take a closer look at the key factors shaping solar panel system pricing this year. A 3 kW solar panel system costs $8,250 in 2024 before incentives. A 3 kW solar panel system produces about 4,356 kWh of electricity annually, but the exact amount depends on where you live and how much sun you get.