Average Price Of Solar Panels For A Home

However the information below will give you a starting point and context for understanding your own installation s cost.

Average price of solar panels for a home.

The best way to understand the cost of going solar is to speak with installers and get personalized quotes based on your own energy use home size and location. 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. Solar panel cost data 2020 updated. Solar panel cost is affected by many factors such as the state you live in solar panel brand and total system size.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Average installation costs for solar panels for home. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. Solar panel costs for an average sized installation in the u s.

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. Solar panel cost in 2020. The average cost of installed residential solar power systems is currently 2 64 per watt a typical 6kw system costs 11 722 after claiming the 26 solar tax credit. 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.

With energy prices on the rise this may be the perfect time.