How Much Will It Cost Me To Install Solar Panels

Assuming you can find a way to install it a system like this will cost somewhere in the ballpark of 9 500 10 500 total.

How much will it cost me to install solar panels.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. 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. There are three types common in the residential market. Each one has its own pros and cons from price to efficiency.

Solar power systems are very custom based on the home roof type shading and utility. In 2019 a federal solar tax credit lets you deduct 30 percent of the cost of installing solar panels from your taxes which brings the average down from 17 000 to 11 900. The cost of installing solar panels depends on many factors but a u s. These figures are excluding solar tax credits which reduce costs by 30 to around 10 500.

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. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. Solar panel cost data 2020 updated.

Homeowner can expect to pay around 3 per watt. 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 energy systems experience economies of scale. Solar panel costs for an average sized installation in the u s.

This includes all installation components. How does system size impact the cost of solar. Given a solar panel system size of 5 kilowatts kw an average solar installation in florida ranges in cost from 11 262 to 15 238 with the average gross price for solar in florida coming in at 13 250. For example a 5000 wattsolar panel installation would cost about 15 000.

September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt. 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.