Solar panels are prohibitively costly, costing between $10,000 and $30,000 for most households. The purchase and installation fees are the two primary reasons solar panels are so expensive. 

This is the standard response. However, there is more to it than meets the eye. 

Costs of solar panels: How much do they cost? 

Before subsidies, solar panel installations typically cost between $2.50 and $3.00 per watt. Before any incentives, a typical 6 kilowatt (kW) house installation would cost $15,000–$18,000. 

However, if you have a large home and need a lot of power, a 10 kW solar system would be better. A 10-kW system will cost between $25,000 and $30,000. This is the introductory price before any subsidies. 

On our solar panel cost page, we go over the expenses further, breaking them down by state, system size, and brand. 

What does sticker shock mean? 

For first-time users, the cost of solar panels might come as a shock to you. This shock is amplified when you learn that home systems in other nations are substantially less expensive. 

On the other hand, solar panels are far less expensive now than they were even a few years ago, and they now give a great return on investment in many areas. 

How can you make your solar power installation less expensive? 

Consumers can minimize the final bill of their domestic solar power system even with low prices and extra tariffs. 

Use the federal tax credit.

You may get up to 26% of your investment back using the federal tax credit for new installations. Anyone who pays taxes is eligible for this benefit. 

Look for state and utility incentives.

There are several states, utility, and local incentives available, some of which are worth thousands of dollars.

In conclusion, while the pricing trend of residential solar projects remains volatile, there are lots of things you can do to lower its cost.

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