Cost Of Installing 5 Kw Solar Panels

Solar panel costs for an average sized installation in the u s.

Cost of installing 5 kw solar panels.

Installation cost guide no two solar power systems are the same. Is 2 91 per watt 14 550 for a 5 kilowatt system. 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 most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt.

Solar panel cost in 2020. Given a solar panel system size of 5 kilowatts kw an average solar installation in arizona ranges in cost from 11 432 to 15 468 with the average gross price for solar in arizona coming in at 13 450. 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. As of september 2020 the average solar panel cost in arizona is 2 69 w.

If you select to hire a contractor to install your solar kit you should expect to pay approximately 1 00 per watt for labor wire conduit fittings breakers and other miscellaneous electrical components to complete the solar system installation. There are three types common in the residential market. Each one has its own pros and cons from price to efficiency. For a 5 kw kilowatt system which is 5 000 watts you can expect to pay 5 000 for installation.

Below are cost estimates based on home size. What range of costs should you expect to see in quotes for a solar panel system. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. 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 means that the total 5kw solar system cost would be 10 767 after the 26 federal itc discount not factoring in any additional state rebates or incentives. The cost of solar panels to power your house are 4 to 10 per square foot. As of july 2020 the average cost of solar in the u s.