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Solar panel cost data 2020 updated.
How much money do solar panels cost. Solar power systems are very custom based on the home roof type shading and utility. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years. The average price of a solar panel system before tax credits and incentives is about 17 000.
What you ll pay for solar panels varies by your state and the size of the solar panel system. The most popular solar panel system size is 5 kw 5 000 watts. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Installation of panels for the average 5kw system ranges from 11 100 22 400.
Simply put the more energy you want to generate the more solar equipment you ll need to get. September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt. In 2017 the average price of a solar panel system is between 2 85 and 3 80 usd per watt including installation and equipment.
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