How Much To Install Solar Panels On My Home

Installation for the average 5kw system ranges from 11 100 22 400.

How much to install solar panels on my home.

Our data shows that the average cost of a residential solar system in 2020 is 3 18 per watt before the federal tax credit. 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. 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. At that price a typical 7 kilowatt kw home solar system would cost 22 260.

How does system size impact the cost of solar. 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. Solar panel cost data 2020 updated. The cost would fall to 16 472 20 after claiming the 26 solar tax credit.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. They are custom based on the home roof type shading and utility. 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.

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. The cost of solar panels to power your house are 4 to 10 per square foot. No two solar power systems are the same.