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The average price of a solar panel has declined 51% since 2011. That's one reason why over 222,000 Americans chose solar to power their homes.

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Costs Reductions Continue To Make Solar More Affordable

  • The average cost of a completed PV system dropped by 33 percent in the second quarter of 2012 compared to the second quarter of 2011.
  • Since the beginning of 2010, the average cost of a PV system has dropped by more than 46 percent.
  • The average price of a solar panel has declined by 51% since Q1 2011.
  • While these price drops are beneficial for the end user, the sharp fall in prices, driven in part by a global oversupply, has put a serious strain on solar manufacturers worldwide.

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