Average Cost Of Solar Panels Residential

Installing a solar panel system costs an average of 23 597 and dropping.

Average cost of solar panels residential.

That cost is before any tax credits. Solar panel costs for an average sized installation in the u s. The average installation on an american home is a 5 kilowatt 5kw system. The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage.

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. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. Cost of solar panels over time. With the average system size tallying in at 6 kilowatts this means.

For 2017 the average cost per watt of solar systems in the us is 3 26 cents. The average cost of solar panels has fallen 65 from 7 34 per watt in 2010 to 2 53 per watt in 2019. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. How does system size impact the cost of solar.

So let s do the math. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. 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.

Most homeowners pay between 16 532 and 30 820.