Clean Power

Published on April 6th, 2016 | by Joshua S Hill


Solar Prices Continue To Decline As US Consumers Increasingly Shop Around

April 6th, 2016 by  

EnergySage has published its second semi-annual Solar Marketplace Intel Report, revealing that solar prices are continuing to decline at the same time as consumers are shopping around more and more for the best price.

The Roof today with our 17 solar panelsEnergySage, the first comprehensive online marketplace for consumers and businesses interested in converting to solar energy, published its Solar Marketplace Intel Report this week, providing some interesting insights into the US residential solar marketplace. Specifically, although perhaps somewhat unsurprisingly, solar prices have continued to decline. EnergySage revealed that between the second half of 2014 through to the second half of 2015, the average gross price per watt in the US dropped from $3.86 to $3.69 — nearly a 5% reduction.

Additionally, and again somewhat unsurprisingly due to the increasing awareness of residential solar, consumers are shopping around more and more these days for a better price. According to EnergySage, one third of solar shoppers on EnergySage joined with a pre-existing solar quote in hand, typically from one of the larger solar leasing companies.

“The Solar Marketplace Intel Report is representative of where the solar industry is headed,” said EnergySage CEO Vikram Aggarwal. “As the market continues to mature and become more transparent, the buying and selling of solar will naturally become easier and more efficient, for all parties involved. And as our data shows, we’re seeing this trend hold true for consumers who are increasingly seeking the benefits of online comparison-shopping through our Solar Marketplace.”

EnergySage provides consumers with an impressive selection of pre-screened solar installers and financiers, and in 2015 alone helped over 500,000 solar shoppers research and explore solar, resulting in more than $30 million in solar PV system transactions. This information is the backbone for EnergySage’s Intel Reports, providing a unique insight into solar pricing and consumer trends.

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  • Marion Meads

    It is still $5.10/Watt at SolarCity…

  • ROBwithaB

    “EnergySage said this… EnergySage said that….blahblah blah EnergySage.”
    I believe you owe it to your readers to find some more reliable sources.

    And to notify us if you’re publishing an advertisement posing as news.

  • Bryan

    It’s not $3.69 a Watt. All the fair market priced solar dealers that I know (and there are a lot of them) are only charging homeowners $2.55 a watt.

    Their report might be biased because isn’t Energysage a lead generating business that provides leads to their their contractor members ?

    • RobertM

      My area because of limited number of installers is around $4 per watt. If I could find an installer that can do a system at $3 a watt I might consider.

  • Mike333

    Two years ago it was $6 per watt.

  • Bristolboy

    $3.69 a watt seems very expensive. In the UK a typical 4kW system costs under £6k or under £1.50/watt, which is the equivalent of about $2.10.

    • vensonata

      The U.S. is caught in a reality bubble. “Mysteriously” high prices for PV installed. Australia, Germany, England etc. manage to install for half the cost or less. But no one seems to mind.

      • Steve

        Yep, pay a former SolarCity Employee .25/per watt if in the Las Vegas area. If he does a really good job throw in an extra $500. Maybe have your insurance company to bond the job.

    • Dragon

      That’s cause everything in the USA is BIGGER and BETTER!

      Because ‘Murica!

      • ROBwithaB

        Who’s going to be the one to tell him that he’s actually driving an EV?

        • super390

          He’ll add a coal burner on the back Just Cause.
          But not too close to the oxygen line.

      • Marion Meads

        I found Walmart but could not find the Made In China label… and the insulin pump…

        • Dragon

          I think you’ll find Made in China on all the products featured in the illustration (including the Murican Flag, though maybe not the machine gun). Unfortunately, the resolution does not allow such labels to be seen.

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