What is the cost of a typical PV or solar thermal system?
Costs of residential photovoltaic and solar thermal systems will always vary from site to site. According to CanSIA, the average cost for a PV module dropped from $11.09/watt in 1999 to $5.36/watt in 2006 (a 50% drop in just seven years). Total cost of an installed system can amount to between $10 and $15 per watt. Overall cost can range between $10,000-$15,000 for the first 1 kW. Price per installed watt will generally drop in the 2-3kW range. Please contact a supplier company for a more accurate quote as every site and product will vary. Solar thermal systems start at around $4,000 installed, depending on the complexity of the installation and the quality of the product.
