How Much Does The Average Solar Panel System Cost

They are custom based on the home roof type shading and utility.

How much does the average solar panel system cost. Solar panel costs for an average sized installation in the u s. 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. No two solar power systems are the same. How much does a 9 kw solar system cost.

Solar panel cost data 2020. The average cost of installed residential solar power systems is currently 2 60 per watt. 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. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Installing a solar panel system costs an average of 23 597 and dropping. Is 2 91 per watt. That cost is before any tax credits.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. Installation for the average 5kw system ranges from 11 100 22 400. This comes out to 26 190 for a 9 kilowatt system before federal tax incentives so the net cost of a 9 kw solar energy system would be 19 381 this cost doesn t factor in any state or utility rebates and incentives for going solar.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years. Given a solar panel system size of 5 kilowatts kw an average solar installation in florida ranges in cost from 11 262 to 15 238 with the average gross price for solar in florida coming in at 13 250. As of september 2020 the average solar panel cost in florida is 2 65 w. As of july 2020 the average cost of solar in the u s.