Nicole is a girl's name that means people of victory. Nicole's origin is French feminine variation of Nicholas, Greek. Nicole is ranked 163 by popularity.
At the time of this writing, the installed cost of solar panels was between $7-$9 per watt: A 5 kW system would cost around $25,000-$35,000. Many utility companies offer incentives, and some subsidize as much as 50% of system costs. Even at half the cost, though, a system that generates an average $75 of electricity per month could take a long time to pay for itself. For example: A system that costs $18,000 has a payback period of about 20 years. The cost of a solar panel today is around $3 per watt, and the extra cost of installation brings costs up to $5- $6 per watt. Note: Installation costs for PV systems include both labor and the electronics needed to tie the solar array into your existing electrical system.
The average sized solar panel system is 5,000 watts, so this brings the total cost to $15,000. That 15k figure is just an average amount. Systems can cost more or less mostly depending upon a homeownerâs energy usage.