Cost Of Installing 5 Kw Solar Panels

If you select to hire a contractor to install your solar kit you should expect to pay approximately 1 00 per watt for labor wire conduit fittings breakers and other miscellaneous electrical components to complete the solar system installation.

Cost of installing 5 kw solar panels. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 60 per watt. Solar panel cost in 2020. 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.

That means that the total 5kw solar system cost would be 10 767 after the 26 federal itc discount not factoring in any additional state rebates or incentives. There are three types common in the residential market. As of july 2020 the average cost of solar in the u s. Is 2 91 per watt 14 550 for a 5 kilowatt system.

Installation for the average 5kw system ranges from 11 100 22 400. What range of costs should you expect to see in quotes for a solar panel system. They are custom based on the home roof type shading and utility. As of september 2020 the average solar panel cost in arizona is 2 69 w.

However most installers estimate solar costs by the amount of energy needed at 2 53 to 3 15 per watt before any tax credits or incentives. The cost of solar panels to power your house are 4 to 10 per square foot. In utah another very competitive solar market where the average system size needed is 5 7 kw and the average system cost per watt is 2 73 the average cost of an installed residential solar system is 15 561 before the tax credit and around 11 515 after the 26 solar tax credit. For a 5 kw kilowatt system which is 5 000 watts you can expect to pay 5 000 for installation.

Installation cost guide no two solar power systems are the same. Each one has its own pros and cons from price to efficiency. Solar panel costs for an average sized installation in the u s.