How Much Are Solar Panels For Your Home

The cost of solar panels to power your house are 4 to 10 per square foot.

How much are solar panels for your home.

The average home can save between 10 000 and 30 000 over the lifetime of your solar panel system. But it does cover a big chunk of the cost of buying and installing home solar panels. Solar panels cost money upfront but will save you money in the long term. That s a number you get to decide and that will determine your solar panel cost.

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. Below are cost estimates based on home size. The amount of power kwh your solar energy system can produce depends on the number of solar panels that can absorb solar energy and convert it into electricity. We also assumed that the average household consumes about 10 400 kwh per year and the panels we re using are 250 watt solar panels.

Installation of panels for the average 5kw system ranges from 11 100 22 400. The cost would fall to 16 472 20 after claiming the 26 solar tax credit. Solar modules are way more efficient than they used to be and as such are more valuable the newer they are. According to green energy marketplace energysage the average home solar system costs 18 300 before tax credits and 12 810 after tax credits in 2019.

To get these numbers we used high and low panel production ratios to calculate how many solar panels are needed on average. At that price a typical 7 kilowatt kw home solar system would cost 22 260. How to calculate your own solar panel estimate. Solar power systems are very custom based on the home roof type shading and utility.

A recent study found that solar panels are viewed as upgrades just like a renovated kitchen or a finished basement and home buyers across the country have been willing to pay a premium of about 15 000 for a home with an average sized solar array. If you installed your solar power system in 1995 you can t expect to garner as much home value as a photovoltaic system installed in 2020. Buying a solar energy system will likely increase your home s value.