How Much Is Average Cost To Instal Solar Panels

Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you.

How much is average cost to instal solar panels.

On average installation and the system together can run between 15 000 and 25 000. This system is better suited for areas that need more heat or do not have enough long sunny days. Solar panel cost data 2020 updated. When you think of solar panels you think of a glazed system which uses glass solar panels.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. They have much higher starting costs at around 3 000 for smaller systems and up to 7 000 for larger systems. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. Explore solar panel installation services.

Installation for the average 5kw system ranges from 11 100 22 400. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. 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.

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. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt. No two solar power systems are the same.

How does system size impact the cost of solar. 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. Solar panel costs for an average sized installation in the u s. 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.

They are custom based on the home roof type shading and utility. 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.