How Much To Install Solar Panels For Your Home
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In 2022, solar panels cost about $20,000 on average. With the cost of solar panels dropping every year, at that place'southward never been a better fourth dimension to go solar. In this article, nosotros'll break downwardly the toll of solar past arrangement size, state, and console brand, all of which can significantly impact the concluding number you lot pay.
Key takeaways about solar console price
- A solar panel installation costs about $twenty,498 on average. That'south $2.77/W for a 10 kW system minus the 26 percent federal solar revenue enhancement credit
- Total average installation toll ranges from $17,538 to $23,458 later the 26 percent federal solar revenue enhancement credit.
- The cost of solar has fallen nearly thirteen percent over the past 5 years
- The best style to get a fair price for solar? Compare quotes on the EnergySage Market, for free.
What yous'll learn most in this commodity
- How much does it toll to install solar panels?
- What factors bear upon the cost of a solar installation?
- Solar costs over time
- Rebates and incentives
- How practise you lot pay for a solar installation?
- How does a solar installation work?
- Are solar panels worth it?
- Frequently asked questions
Solar panel cost in 2022
The toll of a solar panel installation in 2022 ranges from $17,538 to $23,458 after taking into account the federal solar revenue enhancement credit. A single solar panel costs between $200 and $250. On average, a 10 kilowatt (kW) solar panel installation costs $twenty,498 after taking into business relationship the federal solar tax credit ($27,700 before the tax credit). On a cost per watt ($/West) basis, solar panel prices in 2022 boilerplate $2.77/West.
Solar installations are a unique product – merely based on your state and the manufacturer of your chosen solar panels, boilerplate solar panel costs tin vary widely. Hither are they key factors that bear upon solar installation pricing:
- Arrangement size: The bigger your solar console system, the pricier information technology volition be. Importantly, the boilerplate per-unit of measurement price for solar decreases with increasing organisation size.
- Location: Pricing varies past state equally well, which is a result of both local quoting trends and system size differences – states that have a larger average system size volition naturally have a lower average cost of solar.
- Panel make and quality: Like any product or appliance, solar panels come in varying quality.
- Roof characteristics: The cost of a solar console installation doesn't just come from equipment. Your solar installer volition too charge for the difficulty of the installation, and having a complex roof might make your organization cost more than.
- Labor: Solar companies all charge different labor rates for their work. You may opt to pay more for a more than reputable company with ameliorate reviews and a shorter timetable to installation.
- Permitting and interconnection: While information technology's not a large factor, paying for permits and your interconnection fee to the filigree will add a little to the top of your total solar installation cost.
A note about pricing: gross vs. net costs
Throughout this article (and all around our website), nosotros usually talk about solar panel pricing in terms of gross cost, aka the toll earlier whatsoever solar rebates and incentives that can reduce the upfront cost of solar, or even get you some money back over time. For instance, our cost per Watt ($/W) figures throughout the rest of this article are always the gross cost. This is because solar rebates and incentives aren't always available to everyone. Even the 26 percent federal solar tax credit isn't e'er available for everyone to take total advantage of – you lot need to have enough taxation liability to claim the credit.
What factors impact the cost of a solar panel installation?
There'southward a lot that goes into the sticker toll a solar installer charges you. Solar installations are a unique product: the price you pay is heavily dependent on your unique state of affairs and factors related to your electricity utilize and belongings. Hither are some of the top factors to go on in listen that can and exercise influence the price of solar panels for your property:
System size
Maybe the almost obvious and influential factor in the cost you lot pay for a solar panel installation is the size of the system y'all go. Information technology's pretty simple: a bigger system with more panels volition cost more money than a system with fewer panels (and lower energy output). Nonetheless, in that location's also that Costco-esque relationship between system size and price, where a larger system has a lower average $/W. It'south like ownership food in bulk – the overall price is higher, but the per unit price is lower. Here'south what EnergySage Market data shows the $/Westward to come out to for various system size buckets, and what that would translate to for a total system:
Cost of solar panels by system size
| System size | Average solar panel system toll (before taxation credits) | Average solar panel system cost (after tax credits) | $/West |
|---|---|---|---|
| ii | $6,567 | $4,859 | $3.28 |
| iii | $9,288 | $vi,873 | $3.ten |
| 4 | $eleven,522 | $eight,526 | $two.88 |
| 5 | $14,330 | $10,604 | $2.87 |
| 6 | $16,999 | $12,579 | $2.83 |
| vii | $xix,556 | $14,472 | $2.79 |
| viii | $22,039 | $16,309 | $ii.75 |
| ix | $24,809 | $18,359 | $2.76 |
| 10 | $27,331 | $20,225 | $two.73 |
| 11 | $29,842 | $22,083 | $2.71 |
| 12 | $31,995 | $23,677 | $2.67 |
NOTE: The $/Westward in this tabular array reflects the boilerplate price in that organisation size range, i.due east. $3.28 is the average $/W for systems ranging from 2 kW to two.99 kW.
These prices reflect the cost of a solar energy system both before AND after deducting the federal solar taxation credit, which saves you 26 percentage. Some states, local governments, and utilities also offering rebates and other taxation incentives that tin salvage you lot further money.
Recollect, while bigger solar power systems may price more, they'll also very likely save you lot more in the long run. If yous install a x kW solar energy system that covers all of your electricity use, you might accept to pay more out of pocket, simply you'll be cutting a significant monthly expense – your utility pecker – and saving more coin every bit a outcome. Zero-downward, low-interest solar loans are becoming increasingly common, making it even easier to buy a solar panel organisation that can fully offset your electricity bill and maximize your solar savings.
Location
Solar installation costs also vary past your location, mostly by state. The spread of prices isn't that wide and much of the differences by location are actually due to differences in system sizes and incentives, but it's still something to keep an middle on.
We've analyzed quote data from our solar market place to understand solar panel system prices past land. Simply every bit we said above, organization sizes tend to exist larger in states with lower pricing, so information technology'southward not ever fair to compare a x kW organization in Florida to a 10 kW arrangement in Massachusetts. Their energy needs are only too different.
Cost of solar panels by state
| State | Solar panel cost: vi kw system boilerplate | Solar panel price: ten kw organisation average | 2022 federal revenue enhancement credit value (for 10 kw system) | Boilerplate cost per watt ($/West) |
|---|---|---|---|---|
| Arkansas | $16,320 | $27,200 | $7,072 | $two.72 |
| Arizona | $13,980 | $23,300 | $half dozen,058 | $2.33 |
| California | $16,140 | $26,900 | $6,994 | $2.69 |
| Colorado | $eighteen,780 | $31,300 | $8,138 | $3.13 |
| Connecticut | $xviii,360 | $30,600 | $7,956 | $three.06 |
| Washington D.C. | $20,460 | $34,100 | $eight,866 | $3.41 |
| Delaware | $fifteen,720 | $26,200 | $six,812 | $2.62 |
| Florida | $fourteen,640 | $24,400 | $six,344 | $2.44 |
| Georgia | $17,940 | $29,900 | $7,774 | $2.99 |
| Iowa | $eighteen,120 | $30,200 | $7,852 | $3.02 |
| Idaho | $15,300 | $25,500 | $half dozen,630 | $2.55 |
| Illinois | $17,880 | $29,800 | $7,748 | $2.98 |
| Indiana | $xix,500 | $32,500 | $8,450 | $3.25 |
| Louisiana | $18,840 | $31,400 | $8,164 | $iii.14 |
| Massachusetts | $18,660 | $31,100 | $8,086 | $3.11 |
| Maryland | $17,520 | $29,200 | $7,592 | $two.92 |
| Maine | $15,840 | $26,400 | $six,864 | $ii.64 |
| Michigan | $18,600 | $31,000 | $8,060 | $three.x |
| Minnesota | $18,240 | $30,400 | $7,904 | $three.04 |
| Montana | $18,180 | $30,300 | $seven,878 | $iii.03 |
| North Carolina | $16,500 | $27,500 | $7,150 | $two.75 |
| New Hampshire | $18,360 | $30,600 | $7,956 | $3.06 |
| New Jersey | $16,740 | $27,900 | $7,254 | $2.79 |
| New Mexico | $xix,260 | $32,100 | $8,346 | $3.21 |
| Nevada | $14,640 | $24,400 | $6,344 | $2.44 |
| New York | $18,960 | $31,600 | $eight,216 | $3.16 |
| Ohio | $16,080 | $26,800 | $6,968 | $2.68 |
| Oklahoma | $18,480 | $xxx,800 | $8,008 | $three.08 |
| Oregon | $17,340 | $28,900 | $7,514 | $two.89 |
| Pennsylvania | $18,060 | $30,100 | $7,826 | $3.01 |
| Rhode Island | $xviii,900 | $31,500 | $viii,190 | $3.15 |
| South Carolina | $sixteen,680 | $27,800 | $vii,228 | $ii.78 |
| Texas | $15,840 | $26,400 | $6,864 | $2.64 |
| Utah | $xv,780 | $26,300 | $6,838 | $2.63 |
| Virginia | $17,100 | $28,500 | $vii,410 | $2.85 |
| Vermont | $17,880 | $29,800 | $7,748 | $2.98 |
| Washington | $15,840 | $26,400 | $6,864 | $ii.64 |
| Wisconson | $18,120 | $30,200 | $seven,852 | $three.02 |
NOTE: These ranges are arrangement prices BEFORE the 26 percent federal tax credit for solar. Additionally, EnergySage does not currently provide quotes in all l states, which limits our ability to provide solar panel cost estimates in each.
In full general, states where homeowners need to use air conditioning more often have more average electricity used per household. As such, some of the largest solar panel systems are installed in sunny, warm states similar Arizona and Florida. Why does this affair? For solar installers, the larger your system, the less they will usually charge per kilowatt-hr (kWh). It's similar buying in bulk at Costco – y'all might pay a higher sticker price, but your per-unit of measurement costs are lower when yous buy more at one time. Nosotros'll dive into this phenomenon more below.
Back to solar panels. In the finish, this very roughly translates to lower $/W pricing in warm states and higher $/W pricing in cold states. Only in the end, total pricing is usually close to a wash – warm states accept a lower price per watt, merely larger system sizes, and common cold states have a college cost per watt, but smaller organisation sizes.
The biggest takeaway from this data isn't that some states are "improve" than others when it comes to solar prices: it's that solar is affordable across the lath. Almost every single state falls within a $0.l cent margin of the $ii.77/Westward national average. Solar isn't merely worth it in the regions of the U.s. where costs are extremely low – there is a healthy tendency of adoption beyond states without direct correlation to the lowest $/W. For example, New Jersey, Massachusetts, Virginia, and Georgia are all in the superlative 10 solar states in the The states for installed solar capacity, just are higher than the national average for $/W.
Console brand and equipment quality
Some other way to suspension downwards solar panel price data is by the panel brand. The following table was fabricated using information from the EnergySage Marketplace and tracks the average price of 6 kW and 10 kW solar panel systems past the make of solar panel used in the installation project.
Toll of solar panels by panel manufacturer
| Manufacturer | Solar panel cost: 6 kw organization boilerplate | Solar panel cost: 10 kw system average | 2022 federal tax credit value (for 10 kw system) | Boilerplate cost per watt ($/W) |
|---|---|---|---|---|
| AXITEC | $15,000 | $25,000 | $half dozen,500 | $2.50 |
| Aptos Solar | $15,540 | $25,900 | $6,734 | $ii.59 |
| Canadian Solar | $17,700 | $29,500 | $vii,670 | $2.95 |
| CertainTeed | $xvi,140 | $26,900 | $6,994 | $2.69 |
| JA Solar | $16,800 | $28,000 | $7,280 | $two.80 |
| Jinko Solar | $xv,660 | $26,100 | $6,786 | $2.61 |
| LA Solar | $14,400 | $24,000 | $half dozen,240 | $2.40 |
| LG Solar | $17,520 | $29,200 | $7,592 | $2.92 |
| LONGi Solar | $17,580 | $29,300 | $7,618 | $two.93 |
| Panasonic | $sixteen,620 | $27,700 | $7,202 | $2.77 |
| Phono Solar Applied science Co, Ltd. | $17,640 | $29,400 | $7,644 | $2.94 |
| Q CELLS | $sixteen,440 | $27,400 | $7,124 | $2.74 |
| REC | $16,260 | $27,100 | $seven,046 | $2.71 |
| Silfab Solar | $16,620 | $27,700 | $7,202 | $2.77 |
| Solaria | $16,500 | $27,500 | $7,150 | $2.75 |
| SunPower | $20,580 | $34,300 | $8,918 | $3.43 |
| Suntech | $14,940 | $24,900 | $6,474 | $2.49 |
| Trina Solar | $17,100 | $28,500 | $seven,410 | $two.85 |
Annotation: These ranges are system prices Before the 26 percent federal tax credit for solar.
The toll you pay for a solar panel brand is reflective of panel quality to a degree. For example, systems using SunPower panels encounter the highest average prices ($20,580 for a 6 kW system and $34,300 for a 10 kW system), and SunPower is known for producing well-fabricated, loftier-efficiency products.
Interestingly, in that location aren't that many outliers when it comes to brand pricing, and near manufacturers generally encounter similar cost ranges. It'south important to go on in mind that when comparison system prices based on panel brands, there are so many factors aside from just panel manufacturer that affect the terminal system price – like installer experience, location, racking equipment, inverter make, warranty and more.
Roof characteristics
The characteristics of your dwelling house and roof also play a part in your full solar costs. If you have a southward-facing roof that slopes at a xxx-degree angle, installing solar on your domicile will exist relatively easier for your installer, equally they tin probably install all of your panels on a single roof plane that has optimal lord's day exposure (better, more direct sun exposure = fewer panels needed, which volition lower your costs). Conversely, if your roof has multiple levels, dormers, or skylights, the boosted effort to end the installation may include additional equipment and installation costs.
Labor
Another piece of the solar installation puzzle is the company actually performing the chore. Solar installers charge varying amounts for their services, and the final price they offering for an installation depends on measures like your installer's rails record, warranty offerings, and internal operations. You can imagine how a well-regarded solar installer with premium warranty offerings can accuse more for an installation job, and it will be worth your money.
EnergySage brings the best solar installers right to you on our Marketplace – check out our article on choosing an installer to learn how nosotros vet installers, and how you tin and should compare them confronting one another.
Permitting and interconnection
While equipment and labor costs make upwards a significant portion of your solar free energy system quote, the cost of solar permits and your interconnection fees can also be a factor. Typically, you lot will have to obtain a few solar permit documents and pay a fee to get your solar energy system connected to the grid (known every bit "interconnection"). There is some heady work happening in this area to keep the costs and fourth dimension lag to getting an approved interconnection – the Department of Free energy's SolarApp+ is trying to make the interconnection process cheaper and quicker for everyone.
Solar costs over fourth dimension continue to fall
A solar panel system hasn't ever been $2.77/Due west. Equally recently as v years ago, the cost of solar panels was almost 13 percentage higher than it is now:
While prices are currently quite apartment due to supply chain constraints, prices will likely continue to fall even more in the futurity. The solar industry is still young, and there'south plenty of innovation (and policy changes) still to come. As manufacturing and installation processes mature and become even more efficient, solar shoppers will hopefully first to see some of those cost savings impacting their sticker toll for solar.
Rebates and incentives: reducing your solar costs
Nosotros've been talking about factors that add together on cost to a solar installation, only it's also equally essential to consider the ways you tin save with solar rebates and incentives. Taxation credits, cash rebates, performance-based incentives (PBIs), and energy credits are all ways yous can get money back on a solar installation. The availability of these types of incentives almost e'er depend on where y'all live – utilities, cities, and states all commonly offer their own solar incentives to people living in their service areas.
The solar tax credit: solar's best incentive
The best incentive for going solar in the country is the federal solar revenue enhancement credit, or the investment tax credit (ITC). This incentive allows you to deduct 26 percent of the toll of installing solar panels from your federal taxes, and in that location'southward no cap on its value. For case, a 10 kW arrangement priced at the national average ($2.76/W) comes out to $27,600. Nonetheless, with the ITC, you'd be able to deduct 26 percent of that price, or $7,176, from your taxes. This substantially reduces the cost of your system to the $20,424 price tag we highlighted at the start of this article.
How do you pay for a solar panel installation?
Once you lot know the cost of solar for your unique projection, it's fourth dimension to decide how you'll pay for solar. At that place are three primary ways to finance a solar panel installation: a cash purchase, a solar loan, or a solar charter/power buy agreement.
Mostly, a cash purchase is correct for yous if you're looking to maximize your savings from solar, y'all have enough revenue enhancement liability to have advantage of the solar tax credit, or you take the funds available to pay for a solar panel organization upfront.
A solar loan is correct for you if you lot don't desire to shell out the corporeality of cash required to pay for a solar console organisation upfront, you still want the most savings on your electricity bills as possible, and you would like to exist eligible for all incentives and rebates.
A solar lease or PPA is correct for yous if y'all would prefer someone else to monitor and maintain the system, if yous aren't eligible for revenue enhancement incentives, or if you lot'd but like to reduce and/or lock-in your monthly electricity bill.
The cost of solar after installation
It's non talked almost every bit much, just one thing to keep in heed about the cost of a solar panel installation is the long-term maintenance associated with it. In general, solar panels crave little to no maintenance over their lifetime, and you shouldn't expect to shell out much money at all once your panels are installed and operational. There'south ever the off-chance something happens that'southward not covered past your warranties, however. You may need to trim copse as they grow, or hire a cleaner if you lot live in an area of the country with abnormal air pollution. Acquire more virtually what you could run across postal service-installation in our article nigh the costs of solar panels after they're installed.
How does a solar panel installation work?
Installing solar panels doesn't happen overnight – there's a process for what needs to happen to get your panels ready to begin powering your domicile. From the day you sign your contract with your installer, information technology will typically take between 1 and three months before your solar panels are grid-continued and producing energy for your home. Nosotros've outlined the five-step solar panel installation process beneath:
1. Choosing and lodge your equipment
The very starting time footstep in a solar installation is to choose your solar panels and inverters, and ostend with your installer so they can social club it all for you. The 2 principal components you'll demand to evaluate for your system are solar panels and inverters. Durability, efficiency and aesthetics are the master factors virtually homeowners will use to compare the various brands (other than price). Learn more in our guide to choosing solar equipment.
2. Engineering site visit
After you sign your solar contract, an engineer (likely an employee or sub-contractor of the installer yous're working with) will come past your holding to inspect your home and make sure everything is compatible with your new solar system.
During the visit, the engineer will evaluate the condition of your roof to ensure that information technology's structurally sound. They will also look at your electrical panel – the grey box in your basement – to see if you'll demand to upgrade it.
3. Permits and documentation
As with whatever big fiscal determination, installing solar panels involves a lot of paperwork. Luckily, nigh of this paperwork is dealt with by the installer. They'll help y'all apply for solar incentives and fill out whatever permits and documents y'all demand to legally become solar.
iv. Solar installation: the large 24-hour interval
The actual installation is an exciting day for every solar homeowner who wants to rely on renewable energy as opposed to a utility company. There are several individual steps to the actual installation day, including preparing your roof with racking, setting up wiring, placing panels and inverters, and attaching everything together. The timeline for the installation volition range from 1 to three days, completely dependent on the size of the system you are installing.
5. Approval and interconnection
The terminal step of going solar is "flipping the switch," then to speak, and officially commencing to generate ability from your rooftop. Before you tin connect your solar panels to the electric grid, a representative from your town regime will need to inspect the system and give blessing. During this inspection, the representative will essentially be double-checking your installer's work. He or she will verify that the electrical wiring was washed correctly, the mounting was safely and sturdily attached, and the overall install meets standard electrical and roof setback codes.
In conclusion: are solar panels worth it?
At the terminate of the 24-hour interval, the cost of solar is just as important every bit the return you'll get from installing solar panels. For nigh homeowners, solar is a worthwhile investment, and you can "break even" in as few as 7 or 8 years. From that betoken on, you're essentially generating complimentary electricity and racking up the savings. During those 7 to 8 years, you'll exist generating your own electricity instead of paying for electricity from the grid, and any actress electricity you produce y'all might be able to become credit for thanks to net metering policies (depending on where you live).
Of course, but like the cost of solar panels varies past state, your payback period with solar volition besides vary depending on where you alive. As a general rule, places where electricity is most expensive (California, New York, and Massachusetts, for example) will atomic number 82 to the nearly lifetime savings from a solar panel system. Check out our article about electricity rates and solar savings for a more than in-depth explanation of how this actually works.
Yous tin read more about payback periods and the benefits of solar in our article, "Are solar panels worth it?". Or, head to our solar calculator for an instant estimate of your savings potential!
Often asked questions
How much does a single solar console toll?
A single solar panel can toll between $200 to $250 depending on factors such every bit quality, whether it has monocrystalline or polycrystalline cells, power output, and efficiency rating. The cost of a full solar organization, of course, depends on the corporeality of panels you desire to use and the total wattage. To calculate your toll per watt, carve up your total pecker by the total number of watts in your organisation.
What is the cheapest solar panel?
In general, polycrystalline solar panels are the least expensive solar panel selection. In order to reduce your overall solar panel organization costs, you lot'll want to install a smaller system. Additionally, having a low-complexity roof in skilful condition will assist lower the labor portion of your solar pricing.
What is the most expensive solar panel?
Monocrystalline solar panels from manufacturers like SunPower are usually the most expensive solar panel options. Larger organization sizes on more than complicated roofs will also more often than not cost more.
Kickoff your solar journeying on EnergySage
The all-time way to become the most competitive prices for solar is to compare multiple quotes. EnergySage is the nation'southward online Solar Marketplace: when yous sign upward for a free account, we connect yous with solar companies in your expanse, who compete for your business with custom solar quotes tailored to fit your needs. Over 10 meg people come to EnergySage each year to learn about, store for, and invest in solar. Sign upwardly today to see how much solar can salvage yous.
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