Cost For A Solar Panel System

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Cost for a solar panel system.

Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. The average cost of installed residential solar power systems is currently 2 60 per watt. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Solar panel cost 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.

How does system size impact the cost of solar. Solar panel costs for an average sized installation in the u s. Solar panel cost data 2020. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range.

They are custom based on the home roof type shading and utility. No two solar power systems are the same. That cost is before any tax credits. With installation an average residential 5kw size system costs between 3 and 5 per watt according to the cse which results in the 15 000 to 25 000 range.

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