Cost To Install Solar Panels Yourself

Break even point formula break even point in years net solar power system cost yearly electric bill from before your system was installed above we calculated the cost of the system would be between 5000 and 7200 so let s use 6000 as our system cost before any incentives kick in.

Cost to install solar panels yourself.

Below are cost estimates based on home size. Installing a solar panel system costs an average of 23 597 and dropping. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. The cost of solar panels to power your house are 4 to 10 per square foot.

As of september 2020 the average solar panel cost in saint louis mo is 2 98 w. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Solar power systems are very custom based on the home roof type shading and utility. 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.

That cost is before any tax credits. The average cost of installed residential solar power systems is currently 2 60 per watt. With installation an average residential 5kw size system costs between 3 and 5 per watt according to the cse which results in the 15 000 to 25 000 range. Most homeowners pay between 16 532 and 30 820.

Given a solar panel system size of 5 kilowatts kw an average solar installation in saint louis mo ranges in cost from 12 665 to 17 135 with the average gross price for solar in saint louis mo coming in at 14 900.