Solar Panels For Your Home Cost California

California solar power overview.

Solar panels for your home cost california.

Installation of panels for the average 5kw system ranges from 11 100 22 400. 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. The overall price of a residential solar system not to be confused with the price per watt see below in 2019 is 16 298. Solar panel cost data california 2020 updated.

Solar power systems are very custom based on the home roof type shading and utility. 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 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. Prices of solar in california have fallen 47 percent over the last 5 years and as of 2018 the average price per watt for a solar energy system in the golden state is 3 75.

Premium panels can climb above 1 per watt depending on their size quality and where they are manufactured. High levels of solar irradiance high electric costs the 26 federal tax credit and their net metering policy ensures that residents will benefit immensely from installing solar panels in california. 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. National data september 2020.

This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. As of the time we updated this page june 2020 most solar panel prices fall in the range of 60 cents to 70 cents per watt. 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. This includes the federal incentive the federal solar investment tax credit but ignores any of the regional incentives homeowners may be eligible for california solar rebates are no longer available in areas served by pg e socal edison or sdg e.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. Solar panel cost california. Average solar panel cost. 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.