Average Cost Of Residential Solar Panels

Most homeowners pay between 16 532 and 30 820.

Average cost of residential solar panels.

Solar energy cost per kwh. 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. Commercial solar costs 1 83 per watt on average. As of september 2020 the average solar panel cost in california is 2 99 w.

Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. Our data shows that the average cost of a residential solar system in 2020 is 3 18 per watt before the federal tax credit. The cost would fall to 16 472 20 after claiming the 26 solar tax credit. 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 cost data 2020 updated. Given a solar panel system size of 5 kilowatts kw an average solar installation in california ranges in cost from 12 708 to 17 192 with the average gross price for solar in california coming in at 14 950. Installing a solar panel system costs an average of 23 597 and dropping. Solar panel costs for an average sized installation in the u s.

The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage. Residential solar panels cost 2 53 to 3 15 per watt with most homeowners spending 2 70 per watt on average before any tax credits or incentives. At that price a typical 7 kilowatt kw home solar system would cost 22 260. The average cost of installed residential solar power systems is currently 2 60 per watt a typical 6kw system costs 11 544 after claiming the 26 solar tax credit.

Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. Solar systems have ratings based on the electricity produced annually in average conditions.