How Much Does A Solar System Cost In California

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.

How much does a solar system cost in california.

What range of costs should you expect to see in quotes for a solar panel system. The itc allows you to deduct 26 percent of the total system cost from your federal taxes. Solar panel cost data 2020 updated. Over 25 years your california solar panels will save you an estimated 57 538 on your electric bills.

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. According to the department of energy the average cost for a 5kw residential solar installation is more than 16 000. Solar panel cost in 2020. First you earn a 4 326 federal solar tax credit.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. How does system size impact the cost of solar. Either way going solar can be a hefty investment for many homeowners. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

For example a solar energy system installation that costs 15 000 out of pocket will qualify for a tax deduction of 3 900. Solar panel costs for an average sized installation in the u s. That means the average 5 kw residential system will cost 15 000 25 000 prior to tax credits or incentives. Here s how you save with solar power.

Solar panel cost data california 2020 updated. Across california the average system size of a solar panel system installed in the first six months of 2017 was 6 1 kw a significant increase over the average 5 5 kw of 2015 and 5 8 kw of 2016. In areas where prices per w are cheaper and there s enough space homeowners generally add as many panels as possible. The average 5 2 kw system costs about 16 640 to install.

The 26 percent tax credit lasts until the end of 2020 in 2021 the tax credit amount steps down to 22 percent. This is higher than the average price of residential solar power systems across the united states which is currently 2 53 per watt. The average cost of installed residential solar power systems is currently 2 53 per watt a typical 6kw system costs 11 248 after claiming the 26 solar tax credit. This national estimate is even higher in california due to our state s more expensive installation and labor costs.

The cost of a solar electric system is measured in dollars per watt. Usually range from 11 144 to 14 696 after solar tax credits and the average price per watt for solar panels ranges from 2 51 to 3 31.