How much does a 5 kW solar system cost?

As of January 2022, the average cost of solar in the U.S. is $2.776 per watt ($13,850 for a 5-kilowatt system). That means the total 5 kW solar system cost would be $10,249 after the federal solar tax credit (not factoring in any additional state rebates or incentives). 5 kW solar panel prices: What are homeowners paying in your state?

Who is backing Guinea-Bissau's solar project?

The West African Development Bank is backing the project with a $42.9 million loan. Guinea-Bissau relies on fossil fuels and solar has seen limited development, with the exception of rural electrification initiatives. The nation has one of the lowest electrification rates in Africa, as well as electricity prices among the highest on the continent.

How much energy does Guinea-Bissau use?

As a result, around 95% of the energy consumed in Guinea-Bissauan households comes from biomass. The African Development Bank recently stated Guinea-Bissau has only 11 MW of installed power generation capacity, almost all of it thermal generation.

Who will build Guinea-Bissau's first PV plant?

The African Biofuel and Renewable Energy Co (Abrec), which promotes renewables and energy efficiency across the continent, has awarded the contract to build Guinea-Bissau’s first large scale PV plant to state-owned Chinese hydropower business Sinohydro.

How much electricity does a 5 kW solar system use?

The cost of electricity where you live is the biggest determinant of your solar savings. The table below shows the average estimated electricity production numbers for 5 kW solar energy systems in cities across the U.S. By comparison, the average household in the U.S. uses 893 kilowatt-hours (kWh) a month, which equals 10,715 kWh per year.