Average Cost Of Solar Panel Installation 2016

Nearly 500 pv generating units totaling 8 gigawatts gw were added to the electric grid in 2016 making it the second most common technology installed in 2016.

Average cost of solar panel installation 2016.

Just a few short years ago in 2010 the price for the same solar panel system was almost 3x more expensive costing in excess of 13 000. 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. Average construction costs reached 2 436 per kilowatt kw in 2016 down from 3 705 kw in 2013. With energy prices on the rise this may be the perfect time.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. In 2016 the average cost of a solar panel installation is between 4 000 and 5 500 for a 3kw solar pv array. What range of costs should you expect to see in quotes for a solar panel system.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Solar panel costs for an average sized installation 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. A number of websites and shops sell.

How does system size impact the cost of solar. Solar panel cost in 2020.