Cost Of Installing 5 Kw Solar Panels

Installation for the average 5kw system ranges from 11 100 22 400.

Cost of installing 5 kw solar panels. Below are cost estimates based on home size. Each one has its own pros and cons from price to efficiency. As of july 2020 the average cost of solar in the u s. Given a solar panel system size of 5 kilowatts kw an average solar installation in arizona ranges in cost from 11 432 to 15 468 with the average gross price for solar in arizona coming in at 13 450.

For a 5 kw kilowatt system which is 5 000 watts you can expect to pay 5 000 for installation. Installation cost guide no two solar power systems are the same. However most installers estimate solar costs by the amount of energy needed at 2 53 to 3 15 per watt before any tax credits or incentives. What range of costs should you expect to see in quotes for a solar panel system.

With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. If you select to hire a contractor to install your solar kit you should expect to pay approximately 1 00 per watt for labor wire conduit fittings breakers and other miscellaneous electrical components to complete the solar system installation. There are three types common in the residential market. The cost of solar panels to power your house are 4 to 10 per square foot.

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. Is 2 91 per watt 14 550 for a 5 kilowatt system. That means that the total 5kw solar system cost would be 10 767 after the 26 federal itc discount not factoring in any additional state rebates or incentives. They are custom based on the home roof type shading and utility.

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. In utah another very competitive solar market where the average system size needed is 5 7 kw and the average system cost per watt is 2 73 the average cost of an installed residential solar system is 15 561 before the tax credit and around 11 515 after the 26 solar tax credit. As of september 2020 the average solar panel cost in arizona is 2 69 w.