How Much Does The Installation Of Solar Panels Cost

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

How much does the installation of solar panels cost.

Solar panel costs for an average sized installation in the u s. Solar panel cost data 2020 updated. Solar power systems are very custom based on the home roof type shading and utility. Installing a solar panel system costs an average of 23 597 and dropping.

Solar energy systems experience economies of scale. 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 solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. For example a 5000 wattsolar panel installation would cost about 15 000. The cost of installing solar panels depends on many factors but a u s. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.

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. Homeowner can expect to pay around 3 per watt. Most homeowners pay between 16 532 and 30 820.