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. 1
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THE COST OF A SOLAR ELECTRIC SYSTEM: RELEVANT TOPICS
With Wholesale Solar’s current pricing a medium sized gridtie system that generates about 850 kWh a month would cost about $11,294.00 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.