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To figure out what a the solar panel installation cost would actually be for your house, you need to determine two numbers: how many watts of panels you need and how much panels cost where you are. Solar will cost $18,000-$22,000 (without tax credits) for the average 3-bedroom home
By Sponsored Content | December 26, 2018. Over the last 5 years, solar prices have fallen significantly due to market competition and technological advancements. The average price for a residential solar system in the United States is now only $3.20 per watt.
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) But let’s get a little more granular.
The average price per watt for solar panels ranges from $2.57 to $3.35, and solar panel costs for an average-sized installation in the U.S. usually range from $11,411 to $14,874 after solar tax credits.
A solar installation on your roof or in your yard costs more than just the solar panels. In addition to the modules themselves, other hardware components, labor, and permits have to be considered. Fortunately, the cost of installing residential solar projects has dropped dramatically in recent years.
Solar panels normally retail for around $1 to $3 per watt and range between 150 and 350 watts per panel, making the average cost of a single panel between $200 and $350. If you're installing one panel, high-quality, high-output options are ideal.