Average Solar Panel Cost Your Home

Installing a solar panel system costs an average of 23 597 and dropping most homeowners pay between 16 532 and 30 820 expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.

Average solar panel cost your home.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years. They are custom based on the home roof type shading and utility. Solar panel costs for an average sized installation in the u s. 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.

The average cost of installed residential solar power systems is currently 2 60 per watt. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. No two solar power systems are the same. Installation for the average 5kw system ranges from 11 100 22 400.

16 400 for an average us home total installation costs hover around 16 400 for a solar installation before any financial incentives are applied according to the national renewable energy lab s nrel 2016 benchmark of the solar industry. Solar panel cost data 2020. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. 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.