Total Cost To Install Solar Panels

The average total cost to install a residential system for solar panels before tax credits or rebates is comparable to the price tag on a new car.

Total cost to install solar panels.

They are custom based on the home roof type shading and utility. With installation an average residential 5kw size system costs between 3 and 5 per watt according to the cse which results in the 15 000 to 25 000 range. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.

Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. In recent years the price of solar panels has become far more affordable. Add in another 3 000 to 10 000 for other necessary components such as racks for the panels wiring solar inverter costs and the total solar panel installation cost would now be closer to 20 000. Depending on the size of the system the solar panels cost would be between 4 000 and 16 000.

Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. Solar panel costs are lower than ever. Installation cost guide no two solar power systems are the same. How much does it cost to install solar panels.

Installation for the average 5kw system ranges from 11 100 22 400. Installing a solar panel system costs an average of 23 597 and dropping. Solar panels effectively make electricity by utilizing the sun s energy. Solar panel costs for an average sized installation in the u s.

The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. The average cost of installed residential solar power systems is currently 2 60 per watt. Most homeowners pay between 16 532 and 30 820. Usually range from 11 144 to 14 696 after solar tax credits and the average price per watt for solar panels ranges from 2 51 to 3 31.

In california where the average system required is 4 23 kw solarreviews research data shows that the average solar panel installation cost as of jan 2020 is 2 78 per watt meaning the 4 23 kw system would be 11 753 before the solar tax credit and 8 701 after the federal tax credit. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. That cost is before any tax credits.