Add in another 3 000 to 10 000 for other necessary components such as racks for the panels wiring solar inverter costs and the total solar panel installation cost would now be closer to 20 000.
How much is installation for solar panels.
The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.
The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house.
However to see average solar power system cost and how to use a solar cost and savings estimator to calculate the cost of solar panels for your home read below.
Assuming you can find a way to install it a system like this will cost somewhere in the ballpark of 9 500 10 500 total.
A typical 6kw system costs 11 544 after claiming the 26 solar tax credit.
This includes all installation components.
Depending on the size of the system the solar panels cost would be between 4 000 and 16 000.
Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years.
Solar power systems are very custom based on the home roof type shading and utility.
The average cost of installed residential solar power systems is currently 2 60 per watt.
Installation of panels for the average 5kw system ranges from 11 100 22 400.