Average Solar Panel System Cost

Solar panel cost data 2020 updated.

Average solar panel system cost. 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. Solar panel costs for an average sized installation in the u s. With energy prices on the rise this may be the perfect time. On average installation and the system together can run between 15 000 and 25 000.

Installing a solar panel system costs an average of 23 597 and dropping most homeowners pay between 16 532 and 30 820 expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. With the average system size tallying in at 6 kilowatts this means. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Solar panel cost in 2020. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. What range of costs should you expect to see in quotes for a solar panel system.