How Much To Pay For Solar Panels Installation

There are three types common in the residential market.

How much to pay for solar panels installation.

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. 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. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Solar power systems are very custom based on the home roof type shading and utility. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. You ll pay anywhere from 0 70 to 1 50 per watt to purchase a solar panel. The below comparison shows you the most important details for each option.

Solar panel costs for an average sized installation in the u s. 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. 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. Fortunately one of the pros of solar panels is that you re likely to see a financial benefit no matter how you choose to finance them.

Installation of panels for the average 5kw system ranges from 11 100 22 400. You can click into the different solar financing options for much more extensive information.