The Cost Of Installing Solar Panels

Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.

The cost of installing solar panels.

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 installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage. Solar power systems are very custom based on the home roof type shading and utility. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Installation of panels for the average 5kw system ranges from 11 100 22 400. With the average system size tallying in at 6 kilowatts this means. 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. 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.