Cost To Install Solar Panels Yourself

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

Cost to install solar panels yourself. 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. Most homeowners pay between 16 532 and 30 820. Installation of panels for the average 5kw system ranges from 11 100 22 400. Below are cost estimates based on home size.

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. Given a solar panel system size of 5 kilowatts kw an average solar installation in saint louis mo ranges in cost from 12 665 to 17 135 with the average gross price for solar in saint louis mo coming in at 14 900. Solar panel cost data 2020. The cost of solar panels to power your house are 4 to 10 per square foot.

Break even point formula break even point in years net solar power system cost yearly electric bill from before your system was installed above we calculated the cost of the system would be between 5000 and 7200 so let s use 6000 as our system cost before any incentives kick in. Solar power systems are very custom based on the home roof type shading and utility. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. That cost is before any tax credits.

The average cost of installed residential solar power systems is currently 2 60 per watt.