How much does a 5kw Solar System cost?

A 5kW solar system plus (roughly) 5kWh battery bank could cost as little as $10,000, depending on where you live and which products you go with.

How much does a 5kwh battery system cost?

At this price point, a 10kWh battery system would cost roughly $7,000 and a 5kWh battery system would cost about $3,500 – tenable (if not negligible) amounts to pay for something that will go a long way towards minimising electricity bills and upping a home’s energy independence.

How much does a solar battery cost?

Some installers offer a discount on the solar battery if you add it to a new solar system at the time of initial purchase. Power capacity: The amount of usable energy a battery can store. Typically, the higher the power capacity, the higher the price. The Generac PWRcell is an exception, costing $10,000 with only a 3 kWh capacity.

Does the battery+inverter/charger column apply to my solar system?

The battery+inverter/charger column will apply to you if you’re considering a battery product that has its own inverter (e.g. Powerwall or Enphase AC Battery) to go with your solar system. In this table we try to take a holistic approach to representing battery value.

Are solar batteries worth it?

Solar batteries are expensive, but financial incentives are available to lower the cost. Prices often depend on the battery’s storage capacity, expected life span, brand and other factors. Homeowners often find that solar batteries are worth it for energy security — even if they’re not worth it financially.

How often does Solar Choice update the battery price index?

In 2017 we launched this Solar Choice Battery Price Index which is updated every 3 months. Solar Choice has previously been publishing average solar PV system prices on a monthly basis since August 2012 in our Solar Panel Price Index, which focused on household solar prices and which ultimately became the Solar Choice Price Index.