How much does a solar PV installation cost per kilowatt?

The mean average cost per kilowatt of a small solar PV installation (0-4kW) is above £2,000 for the first time since these records began in 2013/14. Prices for larger solar installations (4-10kW) increased even more dramatically - by 31% since 2021/22.

How much do solar panels cost?

One of the most common domestic sizes is a 4 kilowatt (kW) solar panel system, which costs around £5,000 - £6,000 (incl. supply and installation) and will cover around 16 square metres of your roof. If you opt for solar panels with a larger than average kW size, for example, 12kW costs can go up to £12,000 - £13,000.

Where are solar PV cost data taken?

Data are taken from the Microgeneration Certification Scheme - MCS Installation Database. For enquiries concerning this table email [email protected]. Small scale solar PV cost data for 2023-2024 published. Small scale solar PV cost data for 2022-2023 published. Small scale solar PV cost data for 2021-2022 published.

How much does solar installation cost?

Installation labor accounts for around 5.5% of the total cost of a residential solar project, according to a 2022 report from the National Renewable Energy Laboratory. That amounts to $1,375 for a $25,000 solar project.

How much does solar cost per watt?

To put that in perspective, using the a modeled market price (MMP) of $2.95 per Watt for residential solar, labor costs contributed just 16 cents per Watt of solar capacity installed. That’s tied with structural balance of system (racking) for the second smallest piece of the solar cost pie, as shown below.

How much do Ovo solar panels cost?

Ovo ’s solar packages start from £4,999 for 4 panels with 0% financing options available. If you want a battery too, packages start from £7,499. If you buy solar panels and a battery from Ovo, and Ovo supplies your energy, you'll be eligible for their exclusive anytime SEG rate of 20p/kWh.