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A typical 6kw system costs 11 544 after claiming the 26 solar tax credit.
Estimated cost of solar panels for home. Solar power systems are very custom based on the home roof type shading and utility. Installation of panels for the average 5kw system ranges from 11 100 22 400. As of the time we updated this page june 2020 most solar panel prices fall in the range of 60 cents to 70 cents per watt. Solar energy costs 0 08 to 0 10 per kwh to produce on average depending on your location.
Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. The average cost of installed residential solar power systems is currently 2 60 per watt. The average cost of solar panels is less than half what it was ten years ago. Installing a solar panel system costs an average of 23 597 and dropping.
Most homeowners pay between 16 532 and 30 820. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.
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