how much does it cost to have solar panels fitted

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How much does it cost to install solar panels? The average cost to install solar panels in the United States is about$12,000after federal tax incentives. On the low end, you can install a smaller system for around $5,000, while a high-priced Tier 1 solar panel system can cost $40,000 or more.

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  • How much do solar panels cost to install?

  • Solar panel cost varies by the system size, location, and the equipment and installation quality. The average solar panel system in the United States will cost somewhere between $15,500 and $20,000, which works out to about $2.60 – $3.35 per watt of solar installed.

  • Are solar panels getting cheaper?

  • The good news is that solar panels just keep on getting cheaper. Back in 2014, the average price of a 3.8kW solar PV system was 7,900, which means the cost of solar power has fallen by 25% in just the past six years.

  • What is the average solar panel payback?

  • The average solar panel payback period is 7 to 12 years, depending on where you live and the cost of electricity. On average, upfront costs are $11,000, with savings of $1,400 per year on foregone energy bills. You’ll break-even after 8-years and start generating a return on your investment. How Much Do Solar Panels Save?

  • Can you pay for solar panels outright?

  • Like buying a new car, you can pay for solar panels outright, but most people don鈥檛. Solar panels have a high upfront cost, but homeowners and business owners can use loans, solar leases or power purchase agreements (PPA).

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