Is Solar Panels Expensive

The average rooftop solar installation in the u s.

Is solar panels expensive.

Understanding the cost of a solar panel system. Solar panel cost data 2020. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. The cost of solar in the us.

While the most expensive part of going solar is paying for the equipment it still only represents 25 percent of the overall expense. The average cost of installed residential solar power systems is currently 2 60 per watt. Cost of solar panels per square foot the cost of solar panels to power your house are 4 to 10 per square foot. Before tax credits this means that the average installation costs about 14 900 or about the same price as a new economy sedan.

However even with residential solar prices now averaging just 3 12 per watt many still are shocked by how expensive solar power systems are. Many homeowners looked at solar when it was more expensive are not aware of how price reductions in recent years have improved the return on investment from solar. On energysage we ve seen the cost of solar drop from 3 86 per watt to now under 3 per watt since the end of 2014 alone. The decrease in costs is even more.

Soft costs or the outlays that installers spend just trying to find you and appeal to you also contribute a significant percentage. Find out what solar panels cost in your area in 2020. On average installation and the system together can run between 15 000 and 25 000. Has around 5 kilowatt kw capacity and the current average cost per watt is 2 98 per watt the first time pricing has fallen below 3 watt.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit.