Solar Panel Cost Guide in China, ME (2023 Update)
- China Solar Installation Cost: $10,796
- 25-Year Savings: $11,839
- Payback Period: 11.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in China
Find out what the average cost of installing solar panels is in China.
In China, solar panels cost about 2.83 per watt on average. Because a 5.5-kW system is needed to cover the energy usage of a typical home in China, the average price of going solar will be about $10,796 after claiming the federal solar tax credit of 30%.
The actual price you pay can go above or below the average in China based on a variety of factors, such as the type of solar panels you choose and the solar installer you hire. For many homeowners, the upfront investment in solar is worth paying. On average China homeowners see about $16,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in China that can help you get a more accurate cost estimate for your home.
Solar savings over time in China
| Year | Return on Investment |
|---|---|
| 1 years | $-9,891 |
| 3 years | $-8,080 |
| 5 years | $-6,269 |
| 7 years | $-4,459 |
| 9 years | $-2,648 |
| 11 years | $-837 |
| 13 years | $974 |
| 15 years | $2,785 |
| 17 years | $4,595 |
| 19 years | $6,406 |
| 21 years | $8,217 |
| 23 years | $10,028 |
| 25 years | $11,839 |
Top Solar Installers in China
When going solar, many homeowners decide to go with a solar installation company since installing solar panels yourself can be a challenging project. Plus, if you're not certain what kind of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in China
Factors that Affect Solar Panel Costs in China
Although the average cost of a solar system in China is $10,796, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,830. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like China, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in China, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in China, and each can charge varying amounts for labor and equipment. The company's size can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.94 | $12,361 | $12,549 | 12.4 years |
| 8 kW | $2.89 | $16,165 | $17,050 | 12.2 years |
| 10 kW | $2.83 | $19,810 | $21,708 | 11.9 years |
| 12 kW | $2.77 | $23,297 | $26,525 | 11.7 years |
| 14 kW | $2.72 | $26,625 | $31,501 | 11.5 years |
| 16 kW | $2.66 | $29,794 | $36,635 | 11.2 years |
| 18 kW | $2.60 | $32,805 | $41,927 | 11.0 years |
| 20 kW | $2.55 | $35,658 | $47,378 | 10.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's China, ME Solar Cost FAQs
What is the average cost of installing solar panels in China?
The average cost of solar panels in China is about $14,150 for a 5-kW system and $28,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in China?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Do solar panels increase the value of your home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in China is currently $161,228, so you can look forward to a value of about $6,610 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in China is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.