How Much Does It Cost To Install Solar Power In Your Home

What range of costs should you expect to see in quotes for a solar panel system.

How much does it cost to install solar power in your home. How does system size impact the cost of solar. 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. Solar panel cost in 2020.

Solar panel cost data 2020 updated. 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. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. 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.

This federal tax credit is a major incentive to go solar but it is being phased out by 2022. Installing a solar panel system costs an average of 23 597 and dropping most homeowners pay between 16 532 and 30 820 expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Installation of panels for the average 5kw system ranges from 11 100 22 400. The average cost of installed residential solar power systems is currently 2 53 per watt a typical 6kw system costs 11 248 after claiming the 26 solar tax credit.

Most people are eligible to claim this credit you must owe federal taxes to be eligible.