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Solar panels cost between $8,500 and $30,500 or about $12,700 on average. The price you'll pay depends on the number of solar panels and your location.
According to our solar experts, solar panels cost about $19,000 to install in the United States, on average. While the price tag seems steep, incentives and payment options help make the cost of going solar easier to manage.
In 2024, the average solar panel cost is $31,558 before factoring in savings from tax credits and solar incentives. Learn more about the cost of solar.
On average, solar panels cost $8.77 per square foot of living space, after factoring in the 30% tax credit. However, the cost per square foot varies based on the size of the home. For example, the post-tax credit cost of solar panels for a 2,500-square-foot home is around $20,000 for a rate of $7.96 per square foot.
The following table breaks down the price for each component based on the national average cost of installing solar panels. You can use the national average as a benchmark when receiving...
The average cost of a residential solar panel system ranges from $18,000 to $43,000, depending on the system size, location, and available incentives. Typically, a 6-8 kW system—suitable for an average 2,000-square-foot home—will cost between $15,000 and $22,500 before applying any incentives.
Solar panels typically cost around $25,000 (before incentives). Many homeowners don’t have that kind of cash lying around or strong enough credit to qualify for financing. This creates a barrier to rooftop solar and the energy cost savings it provides.
Solar panel cost and savings calculator showing how many solar panels your home needs and likely cost based on current solar system prices, savings & payback period.
Based on the latest data from NREL, that figure is closer to 45% today. Heading into 2024, solar panels can account for about 13% of the total project cost, while inverters and balance of system (BOS) equipment account for 33% of the total cost of an average project.
And over 25 years, you'll likely save anywhere from $28,000 to $120,000 on electricity. Use our Solar Calculator to estimate your savings. What's included in a solar installation? A lot more goes into a solar panel system than the panels themselves.