How Much For A Solar Panel Installation

Installing a solar panel system costs an average of 23 597 and dropping.

How much for a solar panel installation.

Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. September 21 2020 the average cost of installed residential solar power systems is currently 2 55 per watt. Most homeowners pay between 16 532 and 30 820. A typical 6kw system costs 11 330 after claiming the 26 solar tax credit.

A whole residential solar panel system costs 15 000 40 000 depending on your location and energy needs. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Solar panel cost data 2020 updated. 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. 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. Solar panel costs for an average sized installation in the u s. Solar power systems are very custom based on the home roof type shading and utility.