Nationwide average prices for industrial solar panels are predicted to range between $1.45 to $1.56 per watt in 2021 by the SEIA (Solar Energy Industries Association) and the National Renewable Energy Laboratory (NREL). The actual cost of an industrial solar system per watt often varies, and these figures represent national averages.
The typical price of an industrial solar system depends on how many kilowatts you require to meet your energy needs. Commercial solar panels typically cost about $325,000, with average costs in the US ranging between $50,000 and $600,000. Also, remember that the larger your commercial solar power system is, the higher the cost will be.
These incentives may include tax credits, grants, and favorable financing options, making the transition to solar power even more attractive for factories and warehouses. Putting solar panels on your factory's roof helps cut down your carbon footprint. Unlike regular power sources, solar energy produces very few greenhouse gas emissions.
To bring these energy costs down, many companies harness the power of renewable energy by adding solar panels to their factory and warehouse roofs. Installing a solar system for your factory allows these facilities to produce their own power on-site for free.
Installing a solar system for your factory allows these facilities to produce their own power on-site for free. At Solar Alliance, we design, build and install customized solar energy systems for factories and warehouses from Knoxville, Tennessee to Kentucky. Request A Quote Can Warehouses & Factories Run On Solar Power?
Greentech Media gave this estimate for commercial and utility-scale installations in 2019: Commercial solar system costs between $1.54 and $1.56 per watt. Utility-scale solar costs range from $0.99 to $1.03 per watt. The “all-in” cost of solar power per watt for an industrial solar system is around $1.75.