Lowest price of solar photovoltaic panels

The cost of cheap solar panels can range from $2.40 to $3.74 per watt. Factors such as equipment quality and system size can affect the price of solar panels. MarketWatch Guides may receive compensation from companies that appear on this page.

Solar panel affordability continues to increase thanks to falling prices, incentives, rebates, and flexible financing options. The solar panel with the cheapest price tag may not be the most cost-effective option in the long term. Consider efficiency, performance, and warranties when comparing your options.

In 2024, the average cost of solar panels is around $2.86/W before incentives. Between falling prices, incentives and rebates, and flexible financing options, you likely won't need to pay serious cash out of pocket to get the best solar panel deal.

One of the biggest barriers to installing solar panels is the significant upfront cost. In 2025, the average price of a solar installation is about $21,816 before any incentives are applied. While this $3.03 per-watt price tag is lower than solar panels have cost in the past, it's still a significant upfront investment.

While this $3.03 per-watt price tag is lower than solar panels have cost in the past, it's still a significant upfront investment. Cutting corners can help you save money, but you don't want to sacrifice quality when it comes to a big investment like a home solar installation.

Keep in mind, cheap doesn't always mean good! There may be cheaper modules out there, but the quality would likely be low. To accurately determine the average cost per watt for each solar panel brand, the experts at SolarReviews rely on more than just internal data.