The price per Watt is also an important consideration. As of late 2023, the cost for solar panels has been steadily decreasing due to advancements in technology and increased competition in the solar market. The average price for solar modules can be as low as $0.50 to $0.80 per watt, leading to a total cost of approximately $1,000 to $1,600 for the panels in a 2 kW system.
While the upfront cost of purchasing and installing 380W solar panels can seem daunting, it’s crucial to view solar investments through a long-term lens. These panels can last 25 years or more, providing significant savings on electricity bills over time. Furthermore, solar energy systems contribute to environmental sustainability by reducing carbon footprints, making them an attractive choice for eco-conscious consumers.