FAQ: How Much Does A Home Solar Panel System Cost?

Home Solar power panel systems are generally priced by the size of system needed to adequately provide the electric needs of any given household. The size of the system required is influenced by many factors including local climate and how a home is positioned for sun exposure. 

But as a rough example a small to modest sized  home with average monthly energy usage that  installs a 2KW solar panel system should  on average cost approximately $20,000 before tax credits, rebates, etc. A 4 KW system will cost approximately $36,000. A 5 KW system up to $50,000. Another quick way to price a solar electric system is to figure that it will cost approximately $10 to $12 a KW to install.

However, keep in mind the figures above do not reflect your true expense after federal and state tax incentives and other rebate programs available have been applied. The federal tax credit alone for homeowners is up to 30% of the total cost for a solar electric system installed.

The bottom line is the residential solar power incentives being offered today can help dramatically reduce your costs (anywhere from 50 to 80% for a typical home) and ultimately shorten the time frame your investment in going solar will pay for itself.

Returnsolar power FAQS