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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.
How much does it cost for solar panel installation. Learn about factors affecting costs of residential solar panel installation roi and more. Installing a solar panel system costs an average of 23 597 and dropping. September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt. Solar panel cost data 2020 updated.
Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Installation of panels for the average 5kw system ranges from 11 100 22 400. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. Solar panel costs for an average sized installation in the u s.
The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Most homeowners pay between 16 532 and 30 820.
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