How much does a monocrystalline solar panel cost?

On average, a monocrystalline solar panel can cost between $1 and $1.50 per watt. A standard 250W panel is usually priced between $250 or $375. This means an entire system of monocrystalline solar panels can reach a price range of $6,000 to $9,000.

Are monocrystalline solar panels better than polycrystalline panels?

Monocrystalline panels are usually more efficient than polycrystalline panels. However, they also usually come at a higher price. When you evaluate solar panels for your photovoltaic (PV) system, you'll encounter two main categories of panels: monocrystalline solar panels (mono) and polycrystalline solar panels (poly).

How much does it cost to install monocrystalline panels?

The labor costs to install monocrystalline panels are similar to installing other types. They typically cost between $0.50 and $1.20 per watt to install, which translates to an average panel cost of between $125 to $480 in labor. For a 10-panel installation, labor costs would be roughly $1,250 to $4,800.

How long do monocrystalline solar panels last?

Monocrystalline solar panels have a useful life that can extend to well over 30 years. They often come with a 25-year warranty, and the panels' longevity can offset the slightly higher upfront cost with decades of free electricity generation. Be cautious of seemingly cheap solar panels.

What are polycrystalline solar panels?

Polycrystalline solar panels have blue-colored cells made of multiple silicon crystals melted together. These panels are often a bit less efficient but are more affordable. Homeowners can receive the federal solar tax credit no matter what type of solar panels they choose.

How do monocrystalline solar panels work?

Monocrystalline solar panels perform best because of their well-suited temperature coefficient. As the temperature rises, a monocrystalline panel’s output degradation will be lower. This makes it ideal to use in regions where the summer lasts longer and is much warmer.