Are solar panels affordable?

Solar panel affordability continues to increase thanks to falling prices, incentives, rebates, and flexible financing options. The solar panel with the cheapest price tag may not be the most cost-effective option in the long term. Consider efficiency, performance, and warranties when comparing your options.

Is a cheap solar panel worth it?

A cheap solar panel isn’t worth anything if it breaks without a warranty to replace it. The cost of a solar panel is set by the manufacturer and involves a variety of factors, from cost of production to expected lifetime. Let’s break down the factors that go into solar panel costs.

Where can I buy cheap solar panels?

If you’re looking to buy cheap solar panels, we recommend looking at options from Q Cells and LONGi, in particular. These are both tier-one panel manufacturers that offer low prices, solid warranty coverage and above-average efficiency ratings for their products.

What are the best Cheap solar panels for 2024?

Silfab, Panasonic and Q Cells are three of our top-rated cheap solar panels for 2024. The MarketWatch Guides Team selected our top picks for cheap solar panel manufacturers by evaluating each company based on pricing, efficiency, reputation and more. Read on to learn more about affordable panels and how to save money when going solar.

How much do solar panels cost?

Our solar experts ranked these panels by value, warranty, module quality, and company financial performance. The national average cost of solar panels in 2024 is roughly $3.00 per watt – but any installation under $2.85 per watt can be considered cheap.

How do I Choose affordable solar panels?

Choosing affordable solar panels comes down to efficiency, wattage, warranties, guarantees and the material of the panels. Be sure to check out solar company reviews and ask family and friends who’ve gone solar for recommendations to make the most informed decision.