Average Cost Of A Solar Panel System

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.

Average cost of a solar panel system. Most homeowners pay between 16 532 and 30 820. 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. The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage.

Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Solar panel costs for an average sized installation in the u s. Solar panel cost 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. Installing a solar panel system costs an average of 23 597 and dropping.

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. That cost is before any tax credits. The average cost of installed residential solar power systems is currently 2 60 per watt.