Row 24085

Row ID: 24085 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 24085 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

'The average cost for a fully installed solar system stood at 4.13 yuan per watt in 2022'

[https://www.chinadaily.com.cn/a/202401/08/WS659bec21a3105f21a507b285.html](https://www.chinadaily.com.cn/a/202401/08/WS659bec21a3105f21a507b285.html)

Two years ago, the average installed cost for a 5 KW system in China was under $3,000 USD. At that time panels cost \~ $0.28 USD per watt. Now, they are \~$0.11 per watt.

Currently, a 5 KW system in the US is \~ $12,000 installed, after the 30% tax credit, or a little over $17,000 before the tax credit.

It's hard to look at the difference between the cost of an identical system in China vs the US, and conclude that solar companies aren't profiteering from the tax credit. Certainly, shipping and labor aren't greater than $14,000 more in the US than in China.

If US solar companies were competing on price, they would be installing 5 KW systems at $7K - $8K before the tax credit, and I believe you would already see solar panels on most suitable single family homes.

FieldValue
text 'The average cost for a fully installed solar system stood at 4.13 yuan per watt in 2022' [https://www.chinadaily.com.cn/a/202401/08/WS659bec21a3105f21a507b285.html](https://www.chinadaily.com.cn/a/202401/08/WS659bec21a3105f21a507b285.html) Two years ago, the average installed cost for a 5 KW system in China was under $3,000 USD. At that time panels cost \~ $0.28 USD per watt. Now, they are \~$0.11 per watt. Currently, a 5 KW system in the US is \~ $12,000 installed, after the 30% tax cred…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-21
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Raw Record

{
  "text": "'The average cost for a fully installed solar system stood at 4.13 yuan per watt in 2022'\n\n  \n[https://www.chinadaily.com.cn/a/202401/08/WS659bec21a3105f21a507b285.html](https://www.chinadaily.com.cn/a/202401/08/WS659bec21a3105f21a507b285.html)\n\nTwo years ago, the average installed cost for a 5 KW system in China was under $3,000 USD. At that time panels cost \\~ $0.28 USD per watt. Now, they are \\~$0.11 per watt.\n\nCurrently, a 5 KW system in the US is \\~ $12,000 installed, after the 30% tax credit, or a little over $17,000 before the tax credit. \n\nIt's hard to look at the difference between the cost of an identical system in China vs the US, and conclude that solar companies aren't profiteering from the tax credit. Certainly, shipping and labor aren't greater than $14,000 more in the US than in China.\n\nIf US solar companies were competing on price, they would be installing 5 KW systems at $7K - $8K before the tax credit, and  I believe you would already see solar panels on most suitable single family homes.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1DT3FhOVlEMjlBalJWUFJMZGJLcHBKS3g0ektZZ2wtbEJPTkhfU3Z3RGVoakkyWHdTM0I5c216SHBLNmszeTU3bXp1a05UWmxYekhVajZxRmxReS1EREE9PQ==",
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