How much does a solar system cost?

The cost of your custom-designed solar system could be more or less, depending on your energy production goals, the equipment you choose, and the location and terrain of your property. The average homeowner can expect to pay between $27,000 and $60,000+ for a ground-mounted solar system.

How much does a ground-mounted solar system cost?

The average homeowner can expect to pay between $27,000 and $60,000+ for a ground-mounted solar system. Businesses can expect to pay $150,000 to $500,000+ for a ground-mounted solar system. Note: Depreciation savings are based on a 24% federal tax rate and do not include any depreciation on state taxes.

How do I determine the cost of my ground-mount solar system?

The best way to determine the cost of your ground-mount solar system is to request a free custom quote. With a custom quote, you'll see the complete installation cost, all available incentives, and the payback and ROI. Not ready for a quote?

How does Seto calculate PV system cost?

Unlike most PV cost studies that report values solely in dollars per watt, SETO’s PV system cost benchmark reports values using intrinsic units for each component. For example, the cost of a mounting structure is given in dollars per square meter of modules supported by that structure.

What is PV system cost model (pvscm)?

The total cost over the service life of the system is amortized to give a levelized cost per year. In the PV System Cost Model (PVSCM), the owner’s overnight capital expense (cash cost) for an installed PV system is divided into eight categories, which are the same for the utility-scale, commercial, and residential PV market segments:

How efficient is a residential PV system in 2024?

The representative residential PV system (RPV) for 2024 has a rating of 8 kW dc (the sum of the system’s module ratings). Each module has an area (with frame) of 1.9 m 2 and a rated power of 400 watts, corresponding to an efficiency of 21.1%.