How Much Cost Solar Panel Home

While the average sized solar panel system installation may be approximately 6 000 watts that number will depend on how much you want your solar panels to offset your current energy use.

How much cost solar panel home.

Solar panel cost data 2020 updated. With installation an average residential 5kw size system costs between 3 and 5 per watt according to the cse which results in the 15 000 to 25 000 range. Installing a solar panel system costs an average of 23 597 and dropping. 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. Solar energy costs 0 08 to 0 10 per kwh to produce on average depending on your location. Most homeowners pay between 16 532 and 30 820. Installation of panels for the average 5kw system ranges from 11 100 22 400.

That cost is before any tax credits. That s a number you get to decide and that will determine your solar panel cost. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.