The Cost Of Solar Panels

System size and quality.

The cost of solar panels.

The most obvious factor that impacts the cost of solar panels is the size of the system you. They are custom based on the home roof type shading and utility. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Factors that impact the cost of solar panels 1.

However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 60 per watt. Solar panel costs for an average sized installation in the u s. Installation for the average 5kw system ranges from 11 100 22 400. Labor and transportation costs can impact the cost of solar panel installation.

On average installation and the system together can run between 15 000 and 25 000. But the true cost of solar panels and whether they ll help you save money depends on a few key factors. No two solar power systems are the same. Usually range from 11 144 to 14 696 after solar tax credits and the average price per watt for solar panels ranges from 2 51 to 3 31.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years.