Average Cost Of Solar Panels In California

September 12 2020 the average cost of installed residential solar power systems is currently 2 60 per watt.

Average cost of solar panels in california.

For a 5 kw system and solar installation this comes out to an average cost of about 18 750 before the 30 percent federal solar tax credit or any local incentives are applied. How does system size impact the cost of solar. As shown in the above map that price varies by several thousand dollars depending on the region. What range of costs should you expect to see in quotes for a solar panel system.

Solar panel cost data 2020 updated. Installation of panels for the average 5kw system ranges from 11 100 22 400. 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 average cost of a solar panel installation in california ranges from 12 708 to 17 192.

These prices are solar installations purchased with a loan or cash they do not apply to leased systems or power purchase agreements. On a cost per watt w basis a solar panel installation in california ranges in price from 2 54 to 3 44. Solar panel cost in 2020. Solar power systems are very custom based on the home roof type shading and utility.

Installing a solar panel system costs an average of 23 597 and dropping most homeowners pay between 16 532 and 30 820 expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Solar panel cost california. As of september 2020 the average solar panel cost in california is 2 99 w.

This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. Solar panel costs for an average sized installation in the u s. With energy prices on the rise this may be the perfect time.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Given a solar panel system size of 5 kilowatts kw an average solar installation in california ranges in cost from 12 708 to 17 192 with the average gross price for solar in california coming in at 14 950. Prices of solar in california have fallen 47 percent over the last 5 years and as of 2018 the average price per watt for a solar energy system in the golden state is 3 75. As of sep 2020 the average cost of solar panels in california is 2 68 per watt making a typical 6000 watt 6 kw solar system 11 877 after claiming the 26 federal solar tax credit now available.