How Much Does A 12 Panel Solar System Cost

Installation of panels for the average 5kw system ranges from 11 100 22 400.

How much does a 12 panel solar system cost. 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. As of july 2020 the average cost of solar in the u s. How much does a 12 kw solar system cost. How does system size impact the cost of solar.

Solar panel costs for an average sized installation in the u s. One 150 to 300 watt solar panel costs 112 to 450 on average or between 0 75 to 1 50 per watt depending on the type of panel energy efficiency rating and size. Solar companies that purchase in bulk typically spend 0 75 per watt whereas homeowners spend 1 per watt. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Is 2 91 per watt 34 920 for a 12 kilowatt system. That means that the total cost for a 12kw solar system would be 25 841 after the 20 federal itc discount not factoring in any additional state rebates or incentives. Each one has its own pros and cons from price to efficiency.

Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. There are three types common in the residential market. The average cost of installed residential solar power systems is currently 2 60 per watt.