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Jul 25, 2025 · The up-front cost to install solar panels has fallen significantly over the years, but it isn''t cheap. The average U.S. homeowner requires an 11
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6 Frequently Asked Questions about “Is it expensive to install solar photovoltaic panels ”
How much does it cost to install solar panels?
It costs around $28,000 to install solar panels. That's a big number, but incentives usually lower it significantly. Why trust EnergySage? The average U.S. solar shopper needs about 11 kilowatts (kW) of home solar to cover their electricity usage.
How much does solar cost?
Fortunately, EnergySage can help you determine how much solar will cost you, and how you can lower that price to start saving sooner. The average cost of an 11 kW solar panel installation on EnergySage is $19,404 after federal tax credits. You'll probably save anywhere from $31,000-$100,000 over 25 years by going solar.
Are solar panels a worthwhile investment?
Yes, solar panels can be a worthwhile investment for many homeowners. Here are a few reasons why: Cost Savings: Most homeowners recover the cost of their solar panels in electric bill savings in about 8.5 years, with an estimated savings of $25,260 over the system's lifetime.
Can you get a loan to install solar panels?
You may be able to get a loan to help pay for the costs of installing solar panels. Panels start working immediately, saving you money as soon as they're installed. Cons: Solar panel installation can cost tens of thousands of dollars, and any rebates or incentives can take months to arrive. Panels require professional installation.
How much do solar panels cost in 2024?
The average U.S. homeowner requires an 11-kilowatt solar panel system to cover their electricity usage. For a system that size, you can expect to spend just over $22,000 in 2024, after federal tax credits. Homeowners who borrow money to cover the costs will pay more because of the interest paid on the loan.
Where does solar cost the most?
We generally see this trend on EnergySage (though there are some outliers), with lower $/W pricing in warmer states and higher $/W pricing in colder states. California has the lowest average cost of solar, while West Virginia and Alabama have some of the highest prices.