How Much To Pay For Solar Panels Installation

Installation of panels for the average 5kw system ranges from 11 100 22 400.

How much to pay for solar panels installation.

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 solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. The below comparison shows you the most important details for each option.

How does system size impact the cost of solar. Solar power systems are very custom based on the home roof type shading and utility. 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.

You ll pay anywhere from 0 70 to 1 50 per watt to purchase a solar panel. 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. There are three types common in the residential market. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you.

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. Each one has its own pros and cons from price to efficiency.