Average Cost Of Solar Panels Residential

The average installation on an american home is a 5 kilowatt 5kw system.

Average cost of solar panels residential.

That cost is before any tax credits. As of sep 2020 the average cost of solar panels in florida is 2 41 per watt making a typical 6000 watt 6 kw solar system 10 718 after claiming the 26 federal solar tax credit now available. How does system size impact the cost of solar. 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.

If we multiply 5 000 watts by 3 26 we get 16 300. Installing a solar panel system costs an average of 23 597 and dropping. Cost of solar panels over time. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt.

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. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. So let s do the math.

With the average system size tallying in at 6 kilowatts this means. Most homeowners pay between 16 532 and 30 820. A standard 6 kw residential solar system has dropped from 44 000 down to 15 200 over the past decade not including the federal solar tax credit. The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage.

Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you.