How much does it cost to install solar panels?

Although the overall cost of installing solar panels can surpass $20,000, you may not have to cover the entire cost. Depending on where you live, you may be able to access federal, state, and local government programs:

How much does a home solar system cost?

According to studies by the U.S. Department of Energy, the all-in cost of a home solar panel system is between $2.74 to $3.30 per watt. 1,2,12 This figure includes the solar panels, the installation, and other expenses. Using these numbers, an average-sized 8-kilowatt residential solar system would cost between $21,900 – $26,400.

Are solar panels a good investment?

Many homeowners see their electricity bills drop by 70-90% after installing solar panels, with some achieving net-zero energy costs through net metering programs. These impressive savings contribute significantly to positive return on investment calculations over the system’s lifetime.

Does getting less sun increase the cost of solar panels?

While getting less sun at various times in the year does not increase the cost of owning solar panels, it can affect how much you save. More advanced and durable solar panels, batteries, and inverters may cost more upfront, but typically last longer and perform better than cheaper options.

Will installing solar panels save you money on your energy bill?

Ultimately, the amount you could save on your energy bill after installing solar panels depends on the following:

How much does it cost to install solar panels in Texas?

As of 2024, the average cost of installing 11 kW of solar panels in Texas was $29,589, and the national average was $29,926. It's worth noting that these are the total costs before any federal tax credits (see the .gov eligibility breakdown), utility provider incentives (see our SolarSPARC® incentive rebate), or buyback programs are deducted.