How Much Cost Solar Panel For A House

The average cost of solar panels is less than half what it was ten years ago.

How much cost solar panel for a house.

Installing a solar panel system costs an average of 23 597 and dropping. April 22 2019 how much does it cost to install solar on an average house in the u s. A 3kw solar system which consists of 12 panels can produce an average of 4 200 kwh per year. Most homeowners pay between 16 532 and 30 820.

Assuming you are going to choose standard efficiency solar panels here are the most common sizes for residential solar systems and their kwh production potential to give you an idea of how many panels you would need to run a house. Installation of panels for the average 5kw system ranges from 11 100 22 400. You will need a roof. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you.

In california where the average system required is 4 23 kw solarreviews research data shows that the average solar panel installation cost as of jan 2020 is 2 78 per watt meaning the 4 23 kw system would be 11 753 before the solar tax credit and 8 701 after the federal tax credit. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt. Solar panel cost data 2020 updated.

How does system size impact the cost of solar. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Solar power systems are very custom based on the home roof type shading and utility.

On average installation and the system together can run between 15 000 and 25 000. Premium panels can climb above 1 per watt depending on their size quality and where they are manufactured. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

As of the time we updated this page june 2020 most solar panel prices fall in the range of 60 cents to 70 cents per watt.