How Much Does The Average Solar Panel System Cost

Solar panel cost data 2020.

How much does the average solar panel system cost.

As of july 2020 the average cost of solar in the u s. The average cost of installed residential solar power systems is currently 2 60 per watt. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years.

Explore solar panel installation services. Installation for the average 5kw system ranges from 11 100 22 400. They are custom based on the home roof type shading and utility. 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. As of september 2020 the average solar panel cost in florida is 2 65 w. 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. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.

That cost is before any tax credits. How much does a 9 kw solar system cost. 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. 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.

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 homeowners pay between 16 532 and 30 820. Is 2 91 per watt. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range.