Estimated Cost Of Solar Panels For Home

Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range.

Estimated cost of solar panels for home.

Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. 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 energy costs 0 08 to 0 10 per kwh to produce on average depending on your location. Installation of panels for the average 5kw system ranges from 11 100 22 400.

The average cost of installed residential solar power systems is currently 2 60 per watt. Solar panels cost 1 77 to 2 20 per watt and a 6 kw solar panel installation for the average home costs from 10 626 to 13 230 after the 30 federal solar tax credit. Most homeowners pay between 16 532 and 30 820. Installing a solar panel system costs an average of 23 597 and dropping.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Premium panels can climb above 1 per watt depending on their size quality and where they are manufactured.