How Much Does Solar System Cost

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.

How much does solar system cost. 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. The lowest cost per watt options will give you more overall power output per dollar spent but will also be less space efficient. Solar panel costs for an average sized installation in the u s. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.

Now the outright cost of a typical home installation ranges from 16 200 to 21 400 which is a 62 average annual decrease. 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. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Panels come in a broad range of sizes from tiny 5w panels up to 400w premium offerings.

What range of costs should you expect to see in quotes for a solar panel system. With energy prices on the rise this may be the perfect time. If you compare this to 3 40 aud paid in the usa per watt it s easy to see how much of a good deal you are getting. Solar panel cost per watt.

The cost of solar has dropped significantly in the past several years. The cost of solar per watt in australia is 1 04 aud based on the average price of a 5kwh solar system. Evaluating cost per watt allows you to compare panels on a level playing field. The cost of solar panel systems to install per watt will depend on the size of the system and the local rebates.

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