How much does a solar panel installation cost?

A 6- to 10-kW solar panel installation costs $12,600 to $31,500 after the 30% federal tax credit. Solar panel prices depend on the size, type, and quality. *Total cost may be lower with additional state and local incentives. Get free estimates from solar panel installers near you. Residential solar panel prices vary from state to state.

How much does a 12 kW solar panel cost?

The average cost of a 12 kW solar panel installation on EnergySage is $20,754 after the federal tax credit. You'll probably save anywhere from $34,000-$120,000 over 25 years by going solar. Solar panels are just 12% of the total cost of a solar panel installation.

How much does a home solar system cost?

According to studies by the U.S. Department of Energy, the all-in cost of a home solar panel system is between $2.74 to $3.30 per watt. 1,2,12 This figure includes the solar panels, the installation, and other expenses. Using these numbers, an average-sized 8-kilowatt residential solar system would cost between $21,900 – $26,400.

How much do solar panels cost per watt?

When you’re looking at solar panels, “cost per watt” tells you how much you’ll pay for each watt of solar energy your system can produce. You’ll usually see this metric quoted in dollars per watt—like $2.50/W. We found the average solar panel system costs $3.56 per watt, while it ranges from $2.79 to $4.22.

Are solar panels worth it?

The federal solar tax credit may reduce the net cost to $20,552, and local incentives can further lower the cost. You can determine whether solar panels are worth it for your home by considering various factors, such as local incentives and policies, your electric bill, and how you finance the system.

How much does it cost to clean solar panels?

Solar panels require very little upkeep. If you’re able to clean the solar panels yourself, the only maintenance cost will be the water used to hose them down. If you hire a professional to clean your solar panels, it will cost around $100 to $350, on average.