*Prices are shown after applying the 30% federal tax credit.
As of Oct 2024, the average cost of solar panels in Jamaica is $2.92 per watt making a typical 6000 watt (6 kW) solar system $12,283 after claiming the 30% federal solar tax credit now available.
This is lower than the average price of residential solar power systems across the United States which is currently $3.00 per watt.
The size of a solar panel system also plays a role in how much the installation will cost.
Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’. However, these larger solar systems will still have a higher total cost, because they are made up of more individual panels.
System size* | Avg cost per watt |
Avg system cost
(After tax credit) show before tax |
---|---|---|
4kW | $3.20 | $8,960 |
5kW | $3.06 | $10,718 |
6kW | $2.92 | $12,283 |
7kW | $2.90 | $14,195 |
8kW | $2.95 | $16,525 |
9kW | $2.83 | $17,845 |
10kW | $2.80 | $19,635 |
Best unit price
$320.00 ($0.96 per watt)
Best system price
Installed 5.0kW system
$12,721.85
($2.53 p/w)
LG335N1K-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$562.50 ($1.50 per watt)
Best system price
Installed 4.9kW system
$12,120.18
($2.49 p/w)
LG375A1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$430.00 ($1.15 per watt)
Best system price
Installed 4.9kW system
$12,919.30
($2.65 p/w)
LG375Q1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$473.34 ($1.30 per watt)
Best system price
Installed 5.1kW system
$13,231.07
($2.59 p/w)
LG365Q1K-V5 overview
Rated power
365 watts
Efficiency
21.1
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$432.00 ($1.20 per watt)
Best system price
Installed 5.0kW system
$13,276.66
($2.63 p/w)
LG360Q1K-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$530.85 ($1.50 per watt)
Best system price
Installed 5.0kW system
$12,386.87
($2.49 p/w)
LG355Q1K-V5 overview
Rated power
355 watts
Efficiency
20.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$495.00 ($1.38 per watt)
Best system price
Installed 5.0kW system
$13,091.06
($2.60 p/w)
LG360Q1C-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$407.97 ($1.10 per watt)
Best system price
Installed 5.2kW system
$13,159.30
($2.54 p/w)
LG370Q1C-V5 overview
Rated power
370 watts
Efficiency
21.4
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$323.39 ($0.97 per watt)
Best system price
Installed 5.0kW system
$12,691.01
($2.53 p/w)
LG335N1C-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$338.19 ($0.99 per watt)
Best system price
Installed 5.1kW system
$0.00
($0.00 p/w)
LG340N1C-V5 overview
Rated power
340 watts
Efficiency
19.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$600.00 ($1.83 per watt)
Best system price
Installed 4.9kW system
$12,808.41
($2.61 p/w)
SPR-E20-327-COM overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$800.00 ($2.22 per watt)
Best system price
Installed 5.0kW system
$13,201.67
($2.62 p/w)
SPR-X22-360 overview
Rated power
360 watts
Efficiency
22.2
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,703.10
($2.79 p/w)
SPR-E20-327-D-AC overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,610.59
($2.77 p/w)
SPR-E20-327 overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$181.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$11,003.04
($2.16 p/w)
CS6K-300MS overview
Rated power
300 watts
Efficiency
18.33
Number of Cells
60
Cell type
Monocrystalline
Manufactured
CA
Best unit price
$196.11 ($0.65 per watt)
Best system price
Installed 5.1kW system
$9,948.02
($1.95 p/w)
LR6-60-HPB-300M overview
Rated power
300 watts
Efficiency
18.1
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$172.00 ($0.56 per watt)
Best system price
Installed 4.9kW system
$9,568.53
($1.96 p/w)
LR6-60-HPB-305M overview
Rated power
305 watts
Efficiency
18.4
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$165.00 ($0.53 per watt)
Best system price
Installed 5.0kW system
$9,761.72
($1.97 p/w)
LR6-60-HPB-310M overview
Rated power
310 watts
Efficiency
18.7
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$228.00 ($0.60 per watt)
Best system price
Installed 4.9kW system
$9,579.65
($1.94 p/w)
LR4-60HPH-380M overview
Rated power
380 watts
Efficiency
20.9
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$234.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$10,126.74
($2.00 p/w)
LR6-72HBD-390M overview
Rated power
390 watts
Efficiency
19.4
Number of Cells
144
Cell type
Mono PERC
Manufactured
CN
4.85 120 Reviews
Hess Brothers Fruit, 1 week ago
Paradise Energy Solutions have been terrific. Their craftsmanship, attention to details, communication, and timely job completion were excellent. They are great people, and did an outstanding job on our roof mounted panels.
Read more
Average cost (5kW system)
$16,000 ($3.20 per watt)
Hess Brothers Fruit, 1 week ago
Paradise Energy Solutions have been terrific. Their craftsmanship, attention to details, communication, and timely job completion were excellent. They are great people, and did an outstanding job on our roof mounted panels.
4.82 264 Reviews
Ed M., over 1 month
Installation was prompt, fast, extremely neat and professional. We are very happy with our system so far.
Read more
Average cost (5kW system)
$13,750 ($2.75 per watt)
Ed M., over 1 month
Installation was prompt, fast, extremely neat and professional. We are very happy with our system so far.
4.80 92 Reviews
jonathan, over 1 month
fantastic experience, very professional. solar panels working wonderfully and electrical bills are 0. Special shout out to Erin, Sebastian, and Marla for making the experience great.
Read more
Average cost (5kW system)
$17,150 ($3.43 per watt)
jonathan, over 1 month
fantastic experience, very professional. solar panels working wonderfully and electrical bills are 0. Special shout out to Erin, Sebastian, and Marla for making the experience great.
4.75 234 Reviews
Art Williams, over 1 month
Harvest Power did a wonderful job installing our system from start to finish. Tyler Cirincione sold us the system and was attentive, honest and thorough.
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Art Williams, over 1 month
Harvest Power did a wonderful job installing our system from start to finish. Tyler Cirincione sold us the system and was attentive, honest and thorough.
4.71 26 Reviews
cheryl, over 1 month
I spoke with Dov at Powerlutions regarding our solar contract. He was very knowledgeable, patient and extremely pleasant to work with. The installation team was very respectful and professional, it was very impressive to watch them do the job. I am looking forward to geeting good use out of our new solar panels. Thank you Dov and Powerlutions for an excellent experience.
Read more
cheryl, over 1 month
I spoke with Dov at Powerlutions regarding our solar contract. He was very knowledgeable, patient and extremely pleasant to work with. The installation team was very respectful and professional, it was very impressive to watch them do the job. I am looking forward to geeting good use out of our new solar panels. Thank you Dov and Powerlutions for an excellent experience.
4.71 93 Reviews
Richie , over 1 month
Kareem Fadi did a great job convincing me to go with solar I felt very comfortable talking with him. Thanks Kareem
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Richie , over 1 month
Kareem Fadi did a great job convincing me to go with solar I felt very comfortable talking with him. Thanks Kareem
4.70 610 Reviews
Bruce Sable, 3 days ago
I am extremely pleased with my Venture Solar experience. In the first month of operation, the panels have produced over 1 Megawatt-hour of energy. The Venture sales rep proposed a system that met my goals for power generation, roof area coverage, and cost target. The installers worked well as a team completing the install in under a day in spite of 90° humid weather. I found the electrical design to be nicely conservative with heavy gauge wire used to minimize voltage drop and power loss. The placement of the meter, combiner and disconnect boxes was neatly done on the side of my garage. From contract signing to Eversource's granting Permission To Operate took under 8 weeks. I found Venture Solar support team very responsive providing an answer within 24 hours (still interested in supporting me even after I had made that final payment.) Venture Solar was very prompt and professional in their interaction with me and continually kept in contact throughout the entire process. You never had the feeling that you had been forgotten. Their installers performed a neat install by running conduit through the attic with no exposed conduit on the roof. I would recommend Venture Solar as a solar system designer and installer who also provides a satisfying customer experience at a competitive price.
Read more
Bruce Sable, 3 days ago
I am extremely pleased with my Venture Solar experience. In the first month of operation, the panels have produced over 1 Megawatt-hour of energy. The Venture sales rep proposed a system that met my goals for power generation, roof area coverage, and cost target. The installers worked well as a team completing the install in under a day in spite of 90° humid weather. I found the electrical design to be nicely conservative with heavy gauge wire used to minimize voltage drop and power loss. The placement of the meter, combiner and disconnect boxes was neatly done on the side of my garage. From contract signing to Eversource's granting Permission To Operate took under 8 weeks. I found Venture Solar support team very responsive providing an answer within 24 hours (still interested in supporting me even after I had made that final payment.) Venture Solar was very prompt and professional in their interaction with me and continually kept in contact throughout the entire process. You never had the feeling that you had been forgotten. Their installers performed a neat install by running conduit through the attic with no exposed conduit on the roof. I would recommend Venture Solar as a solar system designer and installer who also provides a satisfying customer experience at a competitive price.
4.70 66 Reviews
Mike K, over 1 month
Very happy with this company, everything went smoothly. Would recommend to anyone.
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Mike K, over 1 month
Very happy with this company, everything went smoothly. Would recommend to anyone.
4.66 32 Reviews
Bill Wachob, over 1 month
Rochester Solar Technologies is a wonderful company to work with, from the owner (Shawn Lessourd) to the amazingly efficient and responsive office staff (Christy Brown/Wolfgang), to the workmen themselves. This has been a most satisfying experience from beginning to end!<br />Contractor charged the net amount after the NYSERTA incentive, but not after the Federal and State tax incentives. These were able to be financed by Enerbank through a program by the maker of the solar panels (Sunpower).
Read more
Bill Wachob, over 1 month
Rochester Solar Technologies is a wonderful company to work with, from the owner (Shawn Lessourd) to the amazingly efficient and responsive office staff (Christy Brown/Wolfgang), to the workmen themselves. This has been a most satisfying experience from beginning to end!<br />Contractor charged the net amount after the NYSERTA incentive, but not after the Federal and State tax incentives. These were able to be financed by Enerbank through a program by the maker of the solar panels (Sunpower).
4.64 153 Reviews
Cathy N, over 1 month
Great customer care and service! It's been a year since we've had our solar system installed (at our residence), and we love it. Smooth install, quick response to any question, providing solutions to any concern. Joe Hughes, who we mostly dealt with, has been great; knowledgable, responsible, responsive, attentive. Install work was clean and smooth, follow up was great! A real pleasure!
Read more
Cathy N, over 1 month
Great customer care and service! It's been a year since we've had our solar system installed (at our residence), and we love it. Smooth install, quick response to any question, providing solutions to any concern. Joe Hughes, who we mostly dealt with, has been great; knowledgable, responsible, responsive, attentive. Install work was clean and smooth, follow up was great! A real pleasure!
Where there is no specific pricing information available for a brand then we have used state pricing data for that brand.
Solar panel manufacturer | Avg. cost per watt |
---|---|
Canadian Solar | $2.73 |
LONGi Solar | $2.63 |
LG Solar | $3.25 |
Panasonic | $3.29 |
SunPower | $3.41 |
The most important difference between buying solar panels and any other purchase is that solar panels last 25-30 years. This is a long, long time and you will need customer service over all that time. The reviews below of the two largest corporate solar installation companies indicate larger corporate solar companies are not delivering this support to their customers.
We recommend you find a small or mid-size, local, family-owned solar company. These companies tend to care more about you and your specific job. You don't want to be on hold to a corporation's call center for the next 25 years!
The cost of solar doesn't just include the equipment and installation costs - it’s also made up of permitting costs, inspection costs, and installer profit margins.
These different components are what make the price of solar fluctuate between installations. Some of the factors that affect solar power system installation costs for specific homes include:
Homes that use more electricity will need more solar panels to cover their energy needs.
Although solar panels do get cheaper on a per-watt basis, the overall cost of the system will increase as more panels are added.
But, the higher a home’s energy usage, the more solar panels can save the homeowners on their energy bills.
The price of solar panels can vary depending on the type of solar panels you choose.
There are two main types of solar panels for residential solar installations: monocrystalline and polycrystalline. Monocrystalline solar panels tend to be more efficient and more expensive than other solar panels. Polycrystalline panels have a lower efficiency rating and come at a lower price point.
The type of inverter you buy will also influence the cost of your solar system.
You may see some solar quotes with prices that seem too good to be true.
If you get quoted for a ridiculously cheap price, the installer might be using low-quality equipment or an unsustainable pricing model. You want to use a solar installer that is charging enough so that they can stay in business - as you’ll be relying on them for the next 25 years!
It’s important to make sure that your installer is giving you the best quality at the best price possible. This is why getting multiple solar quotes is so important.
The overall cost of solar can be influenced by the solar incentives available.
Across the U.S., homeowners can apply for the federal solar tax credit. The solar tax credit makes installing solar more cost-effective by providing homeowners with a tax credit equal to 30% of the cost of their installed solar panel system.
Local solar tax incentives and rebates can end up saving homeowners thousands on a solar installation, especially when they’re used with the federal solar tax credit.
See what solar incentives are available in your area by using our solar panel calculator.
The cost of installing residential solar panels in Jamaica varies with the brand of solar panels and inverters you choose, the installation company you choose to install them, the relative ease or difficulty of installing solar panels on your home, and of course the amount of solar panels you need. The amount of solar panels you need is, in turn, related to your energy usage.
The table below shows the data extracted from a real life quote delivered through the SolarReviews marketplace recently for a fairly typical home in Jamaica.
As you can see the payback period is relatively short and equates to a much better return on investment than he historical returns that have been available from investing in things like shares or property.
System information | Value |
---|---|
System Size (for 100% usage offset) | 8.07 kW |
Annual power generation | 10,667 kWh |
Pay-back time (assuming Cash purchase) | 8.7 Years |
Internal rate of return (IRR) on investment | 7.6% |
Gross cost | $20,033 |
Total Upfront Incentives and Rebates | -$5,208 |
Net Cost of System after rebated and incentives | $14,822 |
Total Cost of Utility Power Avoided over 25 years | $55,285 |