Estimated Cost Of Solar Panels For Home

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

Estimated cost of solar panels for home.

Solar power systems are very custom based on the home roof type shading and utility. Installation of panels for the average 5kw system ranges from 11 100 22 400. The average cost of solar panels is less than half what it was ten years ago. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.

As of the time we updated this page june 2020 most solar panel prices fall in the range of 60 cents to 70 cents per watt. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. Most homeowners pay between 16 532 and 30 820. The average cost of installed residential solar power systems is currently 2 60 per watt.

Premium panels can climb above 1 per watt depending on their size quality and where they are manufactured. 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.