How Much Does It Cost To Have Solar Panels Installed On A House

A decade ago an average 6 kilowatt hour residential solar system could cost more than 50 000.

How much does it cost to have solar panels installed on a house.

Solar power systems are very custom based on the home roof type shading and utility. Solar panel costs for an average sized installation in the u s. How does system size impact the cost of solar. Installation of panels for the average 5kw system ranges from 11 100 22 400.

The cost of installing solar panels depends on many factors but a u s. April 22 2019 how much does it cost to install solar on an average house in the u s. Now the outright cost of a typical home installation ranges from 16 200 to 21 400 which is a 62 average annual decrease. That cost is before any tax credits.

Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Solar energy systems experience economies of scale. The average cost of installed residential solar power systems is currently 2 60 per watt. Installing a solar panel system costs an average of 23 597 and dropping.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. 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. Most homeowners pay between 16 532 and 30 820. Homeowner can expect to pay around 3 per watt.

In utah another very competitive solar market where the average system size needed is 5 7 kw and the average system cost per watt is 2 73 the average cost of an installed residential solar system is 15 561 before the tax credit and around 11 515 after the 26 solar tax credit. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. With installation an average residential 5kw size system costs between 3 and 5 per watt according to the cse which results in the 15 000 to 25 000 range. These figures are excluding solar tax credits which reduce costs by 30 to around 10 500.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. For example a 5000 wattsolar panel installation would cost about 15 000.