How much does a 5kw solar inverter cost

A good-quality 5kW single-phase solar inverter costs $1,320 – $2,500. A 3-phase solar inverter costs between $1,900 and $2,300, depending on the quality. While inverters have a 15-year lifespan, but some makes and models are more reliable than others. Speak to your local installer about the best brands and models currently available. Show more...

Thanks to the RET, a discount of approximately 71c per watt of installed solar power is available, resulting in around $3,,550 for a 5kW solar PV system. This discount is ordinarily automatically worked into final solar PV system prices by installers.

Depending on whether you have a single, double, or three-phase electricity system, you will pay $1,000 – $2,400 for a 5kW inverter. When purchasing an inverter, do not go for the cheapest in the market. Often, it is a poor-quality product that you will replace before the expected lifetime is over.

For example, a 5kW inverter is suitable for use with a 6.6kW solar system. There are system losses as solar panels convert sunlight to electricity. It allows for the use of lower-rated inverters. Make sure that the inverter you buy has a long enough warranty.

Personally, I always look for mid-range (e.g., Sungrow, iStore) or premium (e.g., Enphase, SolarEdge, Fronius) inverters. I know they are less likely to give me grief over the years. What Is A Solar Inverter – What Does It Do? All grid-connected PV systems require a solar inverter 1.

Let's take a closer look at the key factors shaping solar panel system pricing this year. A 5 kW solar panel system costs $13,750 in 2024 before incentives. A 5 kW solar panel system produces about 7,260 kWh of electricity annually, but the exact amount depends on where you live and how much sun you get.