How Much Does Solar Installation Cost

Installing a solar panel system costs an average of 23 597 and dropping most homeowners pay between 16 532 and 30 820 expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.

How much does solar installation cost.

Solar panel installation cost varies by provider. What range of costs should you expect to see in quotes for a solar panel system. Solar panel costs for an average sized installation in the u s. Installation of panels for the average 5kw system ranges from 11 100 22 400.

Solar panel cost in 2020. The average cost of installed residential solar power systems is currently 2 53 per watt a typical 6kw system costs 11 248 after claiming the 26 solar tax credit. A decade ago an average 6 kilowatt hour residential solar system could cost more than 50 000. The cost of solar has dropped significantly in the past several years.

As of september 2020 the average solar panel cost in california is 2 99 w given a solar panel system size of 5 kilowatts kw an average solar installation in california ranges in cost from 12 708 to 17 192 with the average gross price for solar in california coming in at 14 950 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives. With energy prices on the rise this may be the perfect time. This includes all installation components. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.

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. Solar power systems are very custom based on the home roof type shading and utility. If your 6 6 kw system costs 10k in equipment they may charge you 20k for the installation bringing the grand total for the project to 30 000. A turnkey solution will charge 100 200 the cost of equipment to perform the installation.

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. 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. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. A system like this will cost around 4 700 5 700 total.

If you want to be able to run absolutely everything using only solar power you will need a system that produces around 21 500 watts per day unfortunately this is difficult to do well as you will likely run out of room on your roof.