The average cost of solar panel installation by a professional solar company is around $2.95 per watt. For a typical 5 kW (5,000 watt) solar panel system, that works out to $14,750. On the other hand, a 5 kW DIY solar panel kit costs between $1.00-$1.50 per watt.. Solar Panel Cost. One of the primary appeals of DIY solar panels is that you can save money. According to the Solar Energy Industries Association ( SEIA), solar panels cost an average of $3.45 per watt in Q3 2023, which works out to $ 17,250 for a typical 5 kilowatt (kW) system. Roughly half of that costs goes toward labor, overhead, margin.
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DIY solar home kits are usually designed to work off-grid for small projects. Today, solar kits that allow you to directly tie into the public utility grid are becoming available, and may allow you to power your entire home.. Polycrystalline solar panels also contain 60 or 72 solar cells, each one perfectly square in a mottled blue color.. At the high end, the cost of a 40,000-watt DIY solar panel kit ranges in cost from $63,400 to $80,000. A more typical 8,000-watt DIY solar panel kit with 20 solar panels costs from $15,000 to $19,000.
