Cost Of Putting Solar Panels On Your House

While solar leases and power purchase.

Cost of putting solar panels on your house.

How are you financing your solar panel system. According to the national renewable energy laboratory the average cost of a solar installationis about 3 09 per watt for a 5 2 kilowatt setup. Solar panel costs for an average sized installation in the u s. They are custom based on the home roof type shading and utility.

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. 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. The average cost of installed residential solar power systems is currently 2 60 per watt. The cost could be quite a bit lower if your state or local energy company offers incentives for installation.

Homeowners can purchase and install one of these systems in 2010 for up to 45 000 that will heat air and water in several rooms but prices can easily exceed 100 000 depending on the size of the house and the complexity of the system. If you do the math that comes out to 16 068 in installation costs. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range.

However most installers estimate solar costs by the amount of energy needed at 2 53 to 3 15 per watt before any tax credits or incentives. Below are cost estimates based on home size. Solar panelinstallation cost guide. 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.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Most homeowners pay between 16 532 and 30 820. No two solar power systems are the same. Installing a solar panel system costs an average of 23 597 and dropping.

Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. The cost of solar panels to power your house are 4 to 10 per square foot.