How Much For A Solar Panel Installation

Solar panel cost data 2020 updated.

How much for a solar panel installation.

Most homeowners pay between 16 532 and 30 820. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. In california where the average system required is 4 23 kw solarreviews research data shows that the average solar panel installation cost as of jan 2020 is 2 78 per watt meaning the 4 23 kw system would be 11 753 before the solar tax credit and 8 701 after the federal 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.

Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. In 2019 a federal solar tax credit lets you deduct 30 percent of the cost of installing. Installation of panels for the average 5kw system ranges from 11 100 22 400. Solar power systems are very custom based on the home roof type shading and utility.

A whole residential solar panel system costs 15 000 40 000 depending on your location and energy needs. Installing a solar panel system costs an average of 23 597 and dropping. September 21 2020 the average cost of installed residential solar power systems is currently 2 55 per watt. Solar panel costs for an average sized installation in the u s.