How Much Do Solar Panels Cost In California
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The average cost of a solar panel installation in california ranges from 12 708 to 17 192.
How much do solar panels cost in california. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. On a cost per watt w basis a solar panel installation in california ranges in price from 2 54 to 3 44. 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. This is higher than the average price of residential solar power systems across the united states which is currently 2 64 per watt.
The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Solar panel cost data california 2020 updated. How much do solar panels 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.
According to the department of energy the average cost for a 5kw residential solar installation is more than 16 000 this national estimate is even higher in california due to our state s more expensive installation and labor costs.
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