Updated: May 13, 2020
Many homeowners are wondering how much a single solar panel costs as a way to understand the overall breakdown of their system or to calculate estimates for DIY solar projects. The simple answer is that it depends on the amount of leverage a buyer has, the type of panel, and the size of the system.
For example, because solar installers have direct relationships with distributors and can buy in bulk, they can often purchase solar panels at a rate much lower than the average consumer. Solar companies can typically get a single solar panel at a price of S$0.75 per watt. Therefore, if the solar panel output is 250W, that single panel might cost you S$187.50. However, if a homeowner is trying to buy one or two panels on their own for a small DIY project, they will likely pay closer to S$1 per watt. That means the same solar panel could cost closer to S$250.
For those looking for a range for the cost of panels, it will run from as low as S$0.85 per watt to S$1.25 per watt with output ranging from 150W to 350W for a typical solar panel. If those numbers seem low, remember that an installation has added costs thanks to the inverters, solar batteries and other additional equipment needed for a complete solar energy system. Overall, there’s no question that the equipment will be significantly cheaper when working with a solar installer rather than trying to find a deal online as a consumer.
Contact us to understand more about your needs of solar energy system.