Average Cost For Residential Solar Panel Installation. Current industry average cost between 3 to 4 per watt. Homeowner can expect to pay around 3 per watt.
In utah another very competitive solar market where the average system size needed is 5 7 kw and the average system cost per watt is 2 73 the average cost of an installed residential solar system is 15 561 before the tax credit and around 11 515 after the 26 solar tax credit. The average cost 3 36 per watt of the average solar system 5 kw in the united states is approximately 11 410. Solar panel installation costs around 18 500 for a 6kw solar panel system for a 1 500 square ft.
There s more to the solar cost story it s great that we ve arrived at the average cost of a solar system installation but as you may have guessed there are many different factors that influence what the cost of solar would be for you.
Solar energy systems experience economies of scale. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Current industry average cost between 3 to 4 per watt. Solar panel costs for an average sized installation in the u s.