How Much Are Solar Panels For Residential

The cost would fall to 16 472 20 after claiming the 26 solar tax credit.

How much are solar panels for residential.

An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. Solar panel costs for an average sized installation in the u s. Energy information administration in 2018 the average monthly electricity consumption for a home in the united states was 914 kwh per month or about 30 5 kwh per day and 11 000 kwh per year. How much do solar panels cost for an average home.

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. In order to find a range for number of solar panels we compared arizona and maine s solar panel production ratios 1 31 and 1 61 the highest and lowest in the u s. Solar panel cost data 2020 updated. But every home is unique and could use more or less power than the average home.

That cost is before any tax credits. The top panel in the e series comes out at a whopping 435 watts. We then took 11 000 kwh and divided it by the respective ratios and then divided that number by 250 the typical panel wattage. As of sep 2020 the average cost of solar panels in oklahoma is 2 62 per watt making a typical 6000 watt 6 kw solar system 11 637 after claiming the 26 federal solar tax credit now available.

The solar panel with the highest watt is the sunpower e series a commercial solar panel line. At that price a typical 7 kilowatt kw home solar system would cost 22 260. According to the u s. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit.

Our data shows that the average cost of a residential solar system in 2020 is 3 18 per watt before the federal tax credit. September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt. With installation an average residential 5kw size system costs between 3 and 5 per watt according to the cse which results in the 15 000 to 25 000 range. The tax break reduces.

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.