Average Cost To Install Solar Panels 2015

Here s an example on how we can breakdown solar panel cost and what it typically costs for installing a system.

Average cost to install solar panels 2015.

If you are buying pv panels and like to save on your electrical energy bills you have to prepare your project. That cost is before any tax credits. Current industry average cost between 3 to 4 per watt average size solar panel system between 5 and 6 kilowatts a kilowatt is 1000 watts 3 26 per watt x 5 000 watts 16 300 per system before the 30 itc tax credit. 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.

Installation of panels for the average 5kw system ranges from 11 100 22 400. The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage. Solar power systems are very custom based on the home roof type shading and utility. With the average system size tallying in at 6 kilowatts this means.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.