Cost Of Home Solar Panels Installed

Installation of panels for the average 5kw system ranges from 11 100 22 400.

Cost of home solar panels installed. 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. 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. Solar panel cost data 2020 updated.

How does system size impact the cost of solar. September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you.

Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. This is just the national average though and so your actual costs may be much more or much less depending on many factors such as location and your specific home. Solar power systems are very custom based on the home roof type shading and utility. 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.

Considering the average home installs a 6 200 watt solar panel system the average homeowner has an estimated cost of 18 600 to install solar panels. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.