How Much For Solar Panels Added To My House

Cost of solar panels per square foot the cost of solar panels to power your house are 4 to 10 per square foot.

How much for solar panels added to my house.

The berkeley lab study says that each watt of installed solar capacity adds around 3 to a home s value. The average cost of a solar panel system for a home in may 2020 is 3 18 per watt making an average 7 kw installed residential solar power system 22 260 before the 26 federal solar tax credit and 16 472 once the tax credit is applied. Plenty of solar companies like to quote the savings you ll generate on the hottest and longest days of the year. However most installers estimate solar costs by the amount of energy needed at 2 53 to 3 15 per watt before any tax credits or incentives.

A solar equipped home could potentially add about 3 x 5 000 watts 15 000 to a home s value. 2 that s an appreciable amount that homebuyers are willing to pay. Assuming not much has changed in 2 years a big assumption. Or in california at 5 911 per kilowatt a small 3 1 kilowatt system would add an average of 18 324 to the value of a mid sized home.

Assuming you are going to choose standard efficiency solar panels here are the most common sizes for residential solar systems and their kwh production potential to give you an idea. Well this article is almost 2 years ago and i m considering adding solar panels to my house now. The national residential solar system average of 5 kilowatts kw generates 5 000 watts of power. In addition to the added resale value there s also the monthly saving on electric which is about 120 per month.

At 4 020 per kilowatt a 5 kilowatt solar panel installation would add an average of 20 100 to the market value of a mid sized u s.