How Much Does A Square Mile Of Solar Panels Cost

However the cost of solar power changes depending on the size of the system required your eligibility for solar incentives the type of equipment used and even on the province that you live in.

How much does a square mile of solar panels cost.

Installation of panels for the average 5kw system ranges from 11 100 22 400. In january 2018 president trump imposed a four year tariff on imported solar cells and panels that started at 30 and drops 5 each year. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Solar power systems are very custom based on the home roof type shading and utility.

To understand how much solar power is produced per square foot it s helpful to know what solar panels are made of. 100 square miles is 2 787 840 000 ft2. As you can see there is no exact solar panel cost per square foot. The amount of energy that solar panels can absorb and then produce is measured in kilowatts kw.

Sunpower solar panels are the most efficient you can buy. System cost 15 000 solar panel cost per square foot 7 5. Changes in government trade policy also impact prices. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.

The average cost of installed residential solar power systems is currently 2 64 per watt a typical 6kw system costs 11 722 after claiming the 26 solar tax credit. A trina 235w solar panel is 65in x 39in or 17 615 ft2. The amount of energy your home uses over a certain timeframe say a month is measured in kilowatt hours kwh. Cost of solar power in canada 2020.

So it would take 158 265 115 panels to cover this area. So very roughly if all us cars and trucks converted to electric vehicles it would take 5 3 square miles x 106 terawatt hours or 562 square miles of solar panels to power them all. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system.

Since it takes 21 250 square miles of solar for 4 petawatt hours or 4 000 terawatt hours each terawatt hour takes about 5 3 square miles per terawatt hour. Roof size 3 000 square feet system size 5 kilowatt system cost 15 000 solar panel cost per square foot 5. Solar panel cost data 2020 updated.