Cost Of Putting Solar Panels On Your House

No two solar power systems are the same.

Cost of putting solar panels on your house.

Homeowners can purchase and install one of these systems in 2010 for up to 45 000 that will heat air and water in several rooms but prices can easily exceed 100 000 depending on the size of the house and the complexity of the system. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Installation for the average 5kw system ranges from 11 100 22 400. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range.

Solar panelinstallation cost guide. While solar leases and power purchase. 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. Most homeowners pay between 16 532 and 30 820.

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. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. The cost of solar panels to power your house are 4 to 10 per square foot. The average cost of installed residential solar power systems is currently 2 60 per watt.

They are custom based on the home roof type shading and utility. The average cost of a solar panel system for a home in may 2020 is 3 18 per watt making an average 7 kw installed residential solar power system 22 260 before the 26 federal solar tax credit and 16 472 once the tax credit is applied. However most installers estimate solar costs by the amount of energy needed at 2 53 to 3 15 per watt before any tax credits or incentives. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit.

According to the national renewable energy laboratory the average cost of a solar installationis about 3 09 per watt for a 5 2 kilowatt setup. Below are cost estimates based on home size. Solar panel costs for an average sized installation in the u s. If you do the math that comes out to 16 068 in installation costs.

That cost is before any tax credits. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.