How Much Does A 20 Panel Solar System Cost

Is 2 91 per watt 58 200 for a 20 kw system.

How much does a 20 panel solar system cost.

Installing a solar panel system costs an average of 23 597 and dropping. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. That s a staggering number to be sure. The average solar system costs 4 633 installed.

Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. That means that the total cost for a 20 kw solar system would be 43 068 after the 26 percent federal itc discount not factoring in any additional state rebates or incentives. How much does a 20 kw solar system cost. Average solar panels cost knowing the right solar panel system for you will largely depends on the size of your home and your energy consumption.

Solar power systems are very custom based on the home roof type shading and utility. Most homeowners pay between 16 532 and 30 820. As of july 2020 the average cost of solar in the u s. 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.

The real range is more like 2 909 and 5 810 which includes 1 5kwh 6kwh solar systems. Installation of panels for the average 5kw system ranges from 11 100 22 400. The average cost of installed residential solar power systems is currently 2 60 per watt. Solar panel costs for an average sized installation in the u s.

So a 20 kilowatt installation that you pay for in cash upfront would total around 58 600. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. How much does a 20 kw solar system cost in 2020.

The average cost to install a residential solar installation according to the national renewable energy lab is 2 93 per watt.