What that means: A solar setup that costs $25,000 would yield a $7,500 credit (30% of $25,000) that you can take advantage of come tax time to reduce any federal taxes owed. The credit isn't.. In terms of cost, polycrystalline panels are a much more affordable option, totaling approximately $0.95/W. A 6kW solar system composed of these panels will cost at least $2,000 less than a monocrystalline version. Finally, there are thin-film solar panels, which have the worst efficiency rating of the group at 12%.
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The panels themselves are probably the first thing that comes to mind when you think about going solar, but solar panels represent less than a third of the total solar equipment costs. You can expect all required solar equipment, including supply chain costs and sales tax, to cost $14,500-about 46% of the total system price.. The average cost for polycrystalline solar panels is $0.90 to $1 per watt, or $5,400 to $6, total for a 6 kW system. Thin-film: Thin-film solar panels are less popular for residential solar systems.
