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How much will a solar electric system for my home cost?

All told, in leading states, the price drops [of solar components] and combination of incentives mean that an installed system could cost less than $10,000—a far cry from what solar was costing just a few years ago. And it means that some people are seeing payback periods of as little as 4 to 6 years.

The Cost of Installing Solar Panels: Plunging Prices, and What They Mean For You

Figuring out exactly how much your solar system will cost can take a little detective work. Electricity rates vary, and each state has different rebates that may affect the overall price of your system. Check out our state by state solar incentives page to see what extra incentives you qualify for beyond the 30% federal tax credit.

Use our quick calculator below to get a rough estimate of how much a solar panel system might cost you based on your location and the average electrical consumption in that area. If you have access to your power bills find the average kWh per month your house uses for a more accurate system size estimation.

Disclaimer: This form is only able to pre-populate with data from the United States, if you are outside of the US enter your own figures into the form below to calculate system cost and payback time.
Wholesale Solar Basic System Cost Calculator
This form has been pre populated with data specific to your area.
For more accurate results, fill in the fields below with numbers from your own electrical bill.
Your average monthly electrical usage or average monthly bill

Source: U.S. Energy Information Administration

For a more accurate estimate look at your electric bills from the past 6 months (or preferrably more) and find the average number of Kilowatt Hours (KwH) per month.
ORUse the actual watt hours per day calculated with the Load Evaluation Calculator and multiply results by 30 (for monthly total) and divided by 1000 (to convert watt hours to KwHour

Enter an average monthly kWh usage or use the dropdown to enter an average monthly electric bill
Your cost of electricity per kWh
$/kWh
The average number of daily sun-hours your area receives
Hours/day
Which type of system are you looking for?

  • Grid-tied systems are great for lowering your electrical bill, but require a connection to the utility company and go down when the grid goes down. Consider a grid-tie with battery backup system for emergency power.
  • Off-grid systems allow you to live and work with electricity in areas where utility power is either unavailable or too expensive to bring in. Off-grid is more about independence, but by living within your means, financially and energy-wise, you do save money.
  • What percentage of your house/business do you want to offset with solar power?
    %
    "When we installed solar, the value of our home was increased by more than the cost of the system. We know that electricity prices will continue to climb, but not for us!" - Ellen, Wholesale Solar Employee-Owner.
    THE COST OF A SOLAR ELECTRIC SYSTEM: RELEVANT TOPICS

    With Wholesale Solar’s current pricing (Jan. 2015), a medium sized gridtie system that generates about 850 kWh a month would cost about $10,680 BEFORE the 30% federal tax credit and rebates offered by your state or utility company. This particular system includes twenty four solar panels. The Federal tax credit would take the cost down to $7,350. This price does not include installation, which can be easily accomplished by a DIY-friendly homeowner or a trusted contractor.