Cost To Put Solar Panels On Your Home

Installing a solar panel system costs an average of 23 597 and dropping.

Cost to put solar panels on your home.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. How much do solar panels cost for an average home. Explore solar panel installation services. 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.

Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. 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. 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 installation costs solar installers typically charge around 75 cents to 1 25 per watt for their labor. No two solar power systems are the same. Solar panel costs for an average sized installation in the u s. The average cost of a solar panel system for a home in may 2020 is 3 18 per watt making an average 7 kw installed residential solar power system 22 260 before the 26 federal solar tax credit and 16 472 once the tax credit is applied.

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. Installation 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.