Cost Of Installing Solar Panels Yourself

Assuming you perform all of the work by yourself i e.

Cost of installing solar panels yourself.

Solar panelinstallation cost guide. No contractors for any of the tasks the total cost of the 5 kw diy solar project would cost no more than 10 000. You can go solar today for about one third of what it would have cost ten years ago. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years.

In fact the cost of a fully installed system went down from 7 14 watt in 2010 to 2 50 watt by 2020. That cost is before any tax credits. Most homeowners pay between 16 532 and 30 820. Installing a solar panel system costs an average of 23 597 and dropping.

Without further ado here is how you can install solar panels by yourself along with important aspects of the installation. Break even point formula break even point in years net solar power system cost yearly electric bill from before your system was installed above we calculated the cost of the system would be between 5000 and 7200 so let s use 6000 as our system cost before any incentives kick in. Right now the average cost of solar panel installation by a professional solar company is around 3 00 per watt. 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.

For a typical 5 kw 5 000 watt solar panel system that works out to 15 000. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 60 per watt. On the other hand you should be able to buy a 5 kw diy solar panel kit for under 2 00 per watt. Do it yourself solar panel installation can be less expensive but your options are limited according to data from the energysage solar marketplace the average gross cost of going solar for homeowners meaning your costs before incentives and rebates are applied is 17 460.

First you will need to pick a suitable platform for your solar panels these can be anything flat or tilted towards the sun. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Set up the conduit and platform. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Installation for the average 5kw system ranges from 11 100 22 400. Not a bad investment. By opting to go diy solar you can actually cut your costs by more than 12 000 for the average home solar system. They are custom based on the home roof type shading and utility.

The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt.