Cost To Put Solar Panels On Your Home

No two solar power systems are the same.

Cost to put solar panels on your home.

Solar panel installation costs solar installers typically charge around 75 cents to 1 25 per watt for their labor. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. These quotes will vary based on factors like the complexity or your project and the availability of competent installers in your region. Frequently asked questions about the cost of solar.

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. They are custom based on the home roof type shading and utility. Most homeowners pay between 16 532 and 30 820. How much do solar panels cost for an average home.

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 cost of installed residential solar power systems is currently 2 60 per watt. 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.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. Installing a solar panel system costs an average of 23 597 and dropping. 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.