Cost Installing 24 Solar Panels

Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.

Cost installing 24 solar panels. Home and the price per watt for solar panels can range from 2 50 to 3 50 residential solar panels are usually sized at 3kw to 8kw and can cost anywhere from 9 255 and 24 552 in total installation costs. 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. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years. Solar power systems are very custom based on the home roof type shading and utility. Installation of panels for the average 5kw system ranges from 11 100 22 400. Most homeowners pay between 16 532 and 30 820.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Installing a solar panel system costs an average of 23 597 and dropping. Solar panel installation costs around 18 500 for a 6kw solar panel system for a 1 500 square ft.