Average Costs To Install Solar Panels

With energy prices on the rise this may be the perfect time.

Average costs to install solar panels.

The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 60 per watt. 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. Considering the average home installs a 6 200 watt solar panel system the average homeowner has an estimated cost of 18 600 to install solar panels.

What range of costs should you expect to see in quotes for a solar panel system. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. This is just the national average though and so your actual costs may be much more or much less depending on many factors such as location and your specific home.

The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt. National data september 2020. Average solar panel cost. With the average system size tallying in at 6 kilowatts this means.

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.