Average Cost To Have Solar Panels Installed

Solar panel cost data 2020 updated.

Average cost to have solar panels installed.

Solar panel costs for an average sized installation in the u s. With the average system size tallying in at 6 kilowatts this means. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years. 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.

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 energy systems experience economies of scale. Installation of panels for the average 5kw system ranges from 11 100 22 400. September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. 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. Homeowner can expect to pay around 3 per watt. For example a 5000 wattsolar panel installation would cost about 15 000.

The cost of installing solar panels depends on many factors but a u s. The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage.