Cost To Install Solar Panels In California

The average cost for a residential system is currently 3 5 per watt.

Cost to install solar panels in california.

Average solar panel cost. As shown in the above map that price varies by several thousand dollars depending on the region. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt.

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. According to the department of energy the average cost for a 5kw residential solar installation is more than 16 000 this national estimate is even higher in california due to our state s more expensive installation and labor costs. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 60 per watt.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. As of september 2020 the average solar panel cost in california is 2 99 w 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 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives. Solar panel cost data california 2020 updated. Solar panel costs for an average sized installation in the u s.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. The cost of a solar electric system is measured in dollars per watt. The average cost of a solar panel installation in california ranges from 12 708 to 17 192. What range of costs should you expect to see in quotes for a solar panel system.

How does system size impact the cost of solar. Installation of panels for the average 5kw system ranges from 11 100 22 400. 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. National data september 2020.

These prices are solar installations purchased with a loan or cash they do not apply to leased systems or power purchase agreements. That means the average 5 kw residential system will cost 15 000 25 000 prior to tax credits or incentives. Solar power systems are very custom based on the home roof type shading and utility.