Average Solar Panel Cost Your Home

No two solar power systems are the same.

Average solar panel cost your home.

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. Installation for the average 5kw system ranges from 11 100 22 400. Solar panel cost data 2020. 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.

Solar panelinstallation cost guide. They are custom based on the home roof type shading and utility. 16 400 for an average us home total installation costs hover around 16 400 for a solar installation before any financial incentives are applied according to the national renewable energy lab s nrel 2016 benchmark of the solar industry. 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.

With energy prices on the rise this may be the perfect time. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit.