How Much To Pay For Solar Panels Installation

The below comparison shows you the most important details for each option.

How much to pay for solar panels installation. Solar power systems are very custom based on the home roof type shading and utility. There are three types common in the residential market. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. You ll pay anywhere from 0 70 to 1 50 per watt to purchase a solar panel.

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. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. Fortunately one of the pros of solar panels is that you re likely to see a financial benefit no matter how you choose to finance them. Installation of panels for the average 5kw system ranges from 11 100 22 400.

This is just the national average though and so your actual costs may be much more or much less depending on many factors such as location and your specific home. You can click into the different solar financing options for much more extensive information. Considering the average home installs a 6 200 watt solar panel system the average homeowner has an estimated cost of 18 600 to install solar panels. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt.

Each one has its own pros and cons from price to efficiency. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.