How Much Is Installation For Solar Panels

Solar panel cost data 2020.

How much is installation for solar panels.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Depending on the size of the system the solar panels cost would be between 4 000 and 16 000. Installation of panels for the average 5kw system ranges from 11 100 22 400. The average cost of installed residential solar power systems is currently 2 60 per watt.

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. Assuming you can find a way to install it a system like this will cost somewhere in the ballpark of 9 500 10 500 total. 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.

If you are already familiar with the cost of solar energy installation and how much solar panels will save but want to know more about the steps involved in the solar installation process then i recommend this linked article. Add in another 3 000 to 10 000 for other necessary components such as racks for the panels wiring solar inverter costs and the total solar panel installation cost would now be closer to 20 000. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years.