How Much For A Solar Panel Installation

September 21 2020 the average cost of installed residential solar power systems is currently 2 55 per watt.

How much for a solar panel installation.

A typical 6kw system costs 11 330 after claiming the 26 solar tax credit. Installing a solar panel system costs an average of 23 597 and dropping. 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. Solar panel cost data 2020 updated.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Solar panel costs for an average sized installation in the u s. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. A whole residential solar panel system costs 15 000 40 000 depending on your location and energy needs.

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. Solar power systems are very custom based on the home roof type shading and utility. In 2019 a federal solar tax credit lets you deduct 30 percent of the cost of installing. Most homeowners pay between 16 532 and 30 820.