Cost To Install Solar Panels Yourself

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

Cost to install solar panels yourself. Installation of panels for the average 5kw system ranges from 11 100 22 400. Break even point formula break even point in years net solar power system cost yearly electric bill from before your system was installed above we calculated the cost of the system would be between 5000 and 7200 so let s use 6000 as our system cost before any incentives kick in. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Installing a solar panel system costs an average of 23 597 and dropping.

Below are cost estimates based on home size. Solar panel cost data 2020. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. 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.

Most homeowners pay between 16 532 and 30 820. Solar power systems are very custom based on the home roof type shading and utility. As of september 2020 the average solar panel cost in saint louis mo is 2 98 w. 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.

That cost is before any tax credits.