How much does it cost to put solar panels on a 2000 square foot home? The average cost range for installing solar panels for a 2,000 sq. ft. home is between $15,000 and $40,000. Your costs are determined by how much electricity you use each day.
Why solar panels are not worth it? What are the main disadvantages to solar energy? Solar panels cannot store electricity, so you will have reduced power output in cloudy weather and zero power output at night. Because of this, most residential solar systems require a solar battery.
What is the average cost of a solar system for a house? The cost of a solar electric system is measured in dollars per watt. The average cost for a residential system is currently $3-5 per watt. That means the average 5-kW residential system will cost $15,000-$25,000, prior to tax credits or incentives.
How long does it take for solar panels to pay for themselves? The most common estimate of the average payback period for solar panels is six to ten years. This is a pretty wide range because there are many factors that will influence the number of years it can take to pay off your panels and the monthly savings you can expect.