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.
For more accurate results, fill in the fields below with numbers from your own electrical bill.
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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.