How Much Money Do Solar Panels Cost

Simply put the more energy you want to generate the more solar equipment you ll need to get.

How much money do solar panels cost.

Installation of panels for the average 5kw system ranges from 11 100 22 400. What you ll pay for solar panels varies by your state and the size of the solar panel system. The most popular solar panel system size is 5 kw 5 000 watts. 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.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Solar panel cost data 2020 updated. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years.

The average price of a solar panel system before tax credits and incentives is about 17 000. September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt. Solar power systems are very custom based on the home roof type shading and utility.