Is Solar Panels Worth The Cost

How much do solar panels cost for an average home.

Is solar panels worth the cost. 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 recent report by the u s. On average installation and the system together can run between 15 000 and 25 000. But the true cost of solar panels and whether they ll help you save money depends on a few key factors.

The average cost to install a system of solar panels is anywhere from 15 000 to 25 000 per the center for sustainable energy. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. The good news is that beyond that initial investment solar panel. 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.

After all is said and done you are the only one who can decide whether the initial solar panel cost will be worth it for your home. Government found that large installers are 2 000 to 5 000 more expensive than small solar companies.