Currently, the average price of a solar panel system install in the U.S. is $2.91/W. The … Contact online >>
Currently, the average price of a solar panel system install in the U.S. is $2.91/W. The
The best cheap solar panels in 2024 come from LONGi, Canadian Solar, Trina Solar, JA Solar, and Qcells.
Our solar experts ranked these panels by value, warranty, module quality, and company financial performance.
The national average cost of solar panels in 2024 is roughly $3.00 per watt – but any installation under $2.85 per watt can be considered cheap.
The total cost of your installation can be lowered with the federal tax credit and any other local incentives.
Purchasing used solar panels or DIY solar can cut costs significantly, but we do not recommend either.
As of 2024, home solar installations can cost anywhere between $18,000 and $20,000. While solar can be a great addition to most homes, it''s a huge investment.
Most Canadian Solar models have a standard 12-year product warranty and a 25-year performance warranty with a degradation rate of 0.55% per year. These warranties fall within the industry standard, but there is definitely room for improvement.
Canadian Solar offers a number of high-efficiency models that may cost a little more money, but they''ll still be cheaper than premium brands like SunPower.
Why we chose them: Trina Solar is a well-established solar panel brand offering cutting-edge technology and long-lasting value. The China-based manufacturer offers a 25-year product and performance warranty. Their performance warranty promises no less than 84.8% output by the end of the 25-years
Why we chose them: JA Solar is a China-based solar manufacturer with several global offices, including one in San Jose, California. Just like other panels on this list, JA panels offer half-cut cells and PERC technology to make them more efficient.
Disclaimer: We urge anyone buying solar panels not to try to cut corners if they want the best results. Even if DIY solar and used solar panels are cheaper, we do not recommend them to customers. For this kind of investment, cheap doesn''t always mean good.
For more information on financing options: Solar financing: What''s the best way to pay for solar panels?
Value (15 points): Our scoring system's highest value is on each solar panel's price. We looked at the average wholesale selling price of the panels in container volumes landed in the USA. The lower the wholesale price, the higher they scored.
Module quality (10 points): The next highest scoring value is for the module quality. This is where we take a look at each panel''s specifications. More specifically, the efficiency, temperature coefficient, and bonus points if the modules were listed on the PVEL scorecard. The better each panel performs, the higher the score.
Warranty (5 points): We looked at the product and performance warranty, so the panels recommended come protected and built to last. Panels scored higher if they had a product warranty greater than 15 years. As for performance, panels with a lower degradation rate scored higher.
Company financial performance (5 points): To be sure that the manufacturers we recommend are also in good standing, we reviewed the financial performance of each company. Points were awarded for company revenue, revenue growth, and a positive net profit margin. A bonus point was also given to publicly traded companies and companies with financial statements available.
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