Average Solar Panel System Cost

On average installation and the system together can run between 15 000 and 25 000.

Average solar panel 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. Solar panel costs for an average sized installation in the u s. 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.

Solar panel cost in 2020. Solar panel cost data 2020 updated. With the average system size tallying in at 6 kilowatts this means. The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage.

But the true cost of solar panels and whether they ll help you save money depends on a few key factors. The average cost of installed residential solar power systems is currently 2 64 per watt a typical 6kw system costs 11 722 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.