How Much Does The Average Solar Panel System Cost

Most homeowners pay between 16 532 and 30 820.

How much does the average solar panel system cost.

Installation for the average 5kw system ranges from 11 100 22 400. They are custom based on the home roof type shading and utility. 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. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

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. How much does a 9 kw solar system cost. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. 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.

Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Installing a solar panel system costs an average of 23 597 and dropping. No two solar power systems are the same. Explore solar panel installation services.

Solar panel costs for an average sized installation in the u s. As of september 2020 the average solar panel cost in florida is 2 65 w. As of july 2020 the average cost of solar in the u s. 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.

This comes out to 26 190 for a 9 kilowatt system before federal tax incentives so the net cost of a 9 kw solar energy system would be 19 381 this cost doesn t factor in any state or utility rebates and incentives for going solar. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. That cost is before any tax credits. Is 2 91 per watt.