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Solar panels cost between $8,500 and $30,500 or about $12,700 on average. The price you'll pay depends on the number of solar panels and your location.
According to our solar experts, solar panels cost about $21,816 to install in the United States, on average, based on a 7.2 kilowatt (kW) solar system. While the price tag seems steep, incentives and payment options help make the cost of going solar easier to manage.
In 2024, the average solar panel cost is $31,558 before factoring in savings from tax credits and solar incentives. Learn more about the cost of solar.
Solar panels generate “free” electricity, but installing a system still costs money. A typical 8-kilowatt (kW) solar panel system costs $22,712 before considering any financial incentives. Your...
How much does one solar panel cost? The average cost for one 400W solar panel is between $250 and $360 when it’s installed as part of a rooftop solar array. This boils down to $0.625 to $0.72 per watt for panels purchased through a full-service solar company.
The average cost of a 10.8 kW solar panel installation on EnergySage is $20,948 after federal tax credits. You'll probably save anywhere from $28,000-$120,000 over 25 years by going solar. Solar panels are just 12% of the total cost of a solar panel installation.
The following table breaks down the price for each component based on the national average cost of installing solar panels. You can use the national average as a benchmark when receiving...
You might already know the cost of a solar panel system before and after tax credits, in broad strokes. Here’s an example of how we can break down solar panel costs and what it typically costs to install a system. Current industry average cost = between $3 to $4 per watt; Average size solar panel system = around 7 kilowatts (a kilowatt is ...
Based on 2022 average labor rates, solar panel installation cost accounts for roughly 5.5% of the total cost of a solar project, according to the National Renewable Energy Lab (NREL).
Residential solar panel systems cost $0.09 to $0.11 per kilowatt-hour (kWh) installed on average, though prices vary greatly depending on the type of panels and how much daily sun they receive. In comparison, the residential electricity rate in the US averages $0.14 to $0.16 per kWh.