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The price per solar panel is influenced by several key factors, which can vary widely based on geographic location, the type of solar panels selected, and market conditions. On average, the cost of solar panels has decreased dramatically over the last decade. In 2010, the price per watt of solar energy was about $4.50, whereas it has fallen to approximately $0.70 per watt by 2023. This reduction in price is largely attributed to advancements in technology, increased competition in the solar market, and economies of scale in manufacturing.

When we refer to the size of a solar panel, we are often discussing the physical dimensions and the wattage capacity. Popular solar panels have sizes that can vary but generally measure around 65 inches by 39 inches (approximately 1.6 meters by 1 meter) for standard residential panels. Larger panels may offer higher wattage, meaning they can produce more electricity within the same amount of space.