Find Out How Much It Will Cost To Install Solar Panels For Your Home
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Benefits Of Going Solar
If you are a homeowner who’s looking for clean energy solutions, solar power is the absolute top choice and with some of the most reliable companies and manufacturers in the U.S. on top of having one of the best climates for solar in the world it really is a no brainer to make the switch. On top of the money you’ll save on electricity, going solar allows you to take control of your energy usage and efficiency meaning you no longer will need to rely on the utility companies and may even be able to cut them out all together.
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Save Money
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Increase Home Value
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Environmentaly Friendly
$62,059
Average lifetime savings over 25 years
7 Years
Average payback period
$2.73: watt
Average cost (in CA)
18,280 kWh
Average annual power production (10 kW)
Projected Lifetime Savings
Just like any other home improvement project, being able to pay in cash means you’ll save more in the long run by not needing to pay for financing. Luckily for those who aren’t in the position to pay up front solar loans are available. Leases are also available for those that want to join the solar community, there is a bit less flexibility but you are still guaranteed to save money on your utility bills each month.
Purchasing a home solar electric system may qualify for a 26% tax credit, based on the total equipment and installation cost.
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How Much Do Solar Panels Cost?
$2.73 per watt
Cash Purchased
Before 26% solar tax credit
$3.05: watt
Average payback period
Before 26% solar tax credit
$50-$250/month
Leased
Estimate for average lease cost
Solar Panels Increase Home Values By How Much?
Home Solar System Size
Amount Solar Panels Increase Home Value*
Cost to Install Solar Panels (After Tax Credit)**
4 kW
$23,644
$7,874
6 kW
$35,466
$11,810
8 kW
$47,288
$21,280
10 kW
$59,110
$19,684
*Figures based on study by Lawrence Berkeley National Laboratory. **Figures based on solar average costs in the U.S.
Pros & Cons Of Solar
Solar panels can increase the value of your property by up t $15,000 according to the Department of Energy.
Home owners with new solar panels should keep in mind their expected payback period for their investment will vary depending on the state and equipment as well as the federal and local tax credits.
A typical residential solar installation will require very little maintenance and produce electricity for up to 30 years.
Electricity Produced By Solar
The amount of electricity your solar panels produce can vary depending on your location. The further south you are, the more power a small system will produce.
Solar panels typically convert around 20% of the sunlight’s natural energy into electricity, however if your roof has blockage like trees or large buildings your results may vary.
The best way to determine whether your home is a good fit for solar electricity is to contact a solar professional in your area. A solar energy specialist can come to take a look at your home and give you a custom recommendation that fits your home and energy needs.
Solar Rebates, Incentives, & Tax Credits
In states that have a solar sales tax exemption, the purchase of solar panels may be shielded from sales tax. Currently, at least 25 states offer a solar sales tax exemption and 36 states offer solar property tax incentives.
Year Placed In Service
Federal Solar Tax Credit
2021
26%
2022
26%
2023
22%
2024
10% (for commercial installations only)
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The information on our website is general in nature and is not intended as a substitute for competent legal, financial or electrical engineering advice. As forecasting solar savings involves assumptions about future electricity prices you should be aware such estimates are inherently uncertain. Our goal is to provide exceptional service. One of our agents may reach out to you to discuss your inquiry, ask for feedback, and / or see if you need any assistance with your products, services, or costs, at the phone number you provided regardless of your do-not-call list status. You may opt out of further contact at any time by simply telling our customer service team that you would no longer like to be contacted. In the event that our team is unable to reach you by phone, they may send you a text message letting you know that we called. Both our text messages and phone calls may be sent or connected utilizing automated software. Carrier charges may apply. You may opt out of any future contact via text message by replying anytime with “STOP”.
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