How Much To Install Solar Panels On My Home

Solar panel costs for an average sized installation in the u s.

How much to install solar panels on my home.

The average cost of a solar panel system for a home in may 2020 is 3 18 per watt making an average 7 kw installed residential solar power system 22 260 before the 26 federal solar tax credit and 16 472 once the tax credit is applied. However most installers estimate solar costs by the amount of energy needed at 2 53 to 3 15 per watt before any tax credits or incentives. How does system size impact the cost of solar. 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.

Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. The cost of solar panels to power your house are 4 to 10 per square foot. A system s size and your home s current energy consumption patterns also influence the installation costs and long term energy savings of solar panels. Installation for the average 5kw system ranges from 11 100 22 400.

September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt. Below are cost estimates based on home size. Our data shows that the average cost of a residential solar system in 2020 is 3 18 per watt before the federal tax credit. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit.

At that price a typical 7 kilowatt kw home solar system would cost 22 260. The cost would fall to 16 472 20 after claiming the 26 solar tax credit. The cost of getting a residential solar power system installed will vary based on where you live and the region s number of peak sun hours. No two solar power systems are the same.