How Much To Install Solar Panels On Your House

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

How much to install solar panels on your house. If your 6 6 kw system costs 10k in equipment they may charge you 20k for the installation bringing the grand total for the project to 30 000. 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. A turnkey solution will charge 100 200 the cost of equipment to perform the installation. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years.

Solar panel installation cost varies by provider. Solar panel cost per watt is now only 2 50 in some states making a 6kw system only 10 500 after claiming the solar tax credit. 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. High installation costs keep many homeowners from buying and installing solar panels that they own.

Average lease costs are between 50 250 per month based on the size and overall production of your system. Drill down to see who s offering the best solar panel prices in your state or city.