Cost To Add Solar Panels To An Existing System

The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house.

Cost to add solar panels to an existing system.

Usually range from 11 144 to 14 696 after solar tax credits and the average price per watt for solar panels ranges from 2 51 to 3 31. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Inverter i think can handle more.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years. We ll discuss why expanding your array is a great option and we ll address the best ways to do so. Installation costs for pv systems include both labor and the electronics needed to tie the solar array into your existing electrical system. Would like to add 18 24 panels if can and still use inverter.

Swap out the existing inverter for a larger one and add more panels solar panels have a standard life expectancy of 25 years while inverters generally. Solar panel cost data 2020 updated. How does system size impact the cost of solar. Add a brand new solar system alongside the existing one this may be the easiest most affordable option especially if your existing system s inverter is still under 5 years old.

In very general equations not specific to product selection additional capacity and installation specifics the cost to add more solar panels are often defined between the pricing guidelines from 50c to 1 50 per watt. A site specific quoteis always the most accurate means of determining this though. The cost of a solar panel today is around 3 per watt and the extra cost of installation brings expenses up to 5 6 per watt. Adding panels to an existing system is more common than you might expect.

If your solar system isn t quite meeting your electricity needs it s almost always possible to expand your system to incorporate more panels. Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you.