5kw solar power system cost

How much does a 5 kW solar system cost?

Compare price and performance of the Top Brands to find the best 5 kW solar system with up to 30 year warranty. Buy the lowest cost 5kW solar kit priced from $1.11 to $2.10 per watt with the latest, most powerful solar panels, module optimizers, or micro-inverters. For home or business, save 26% with a solar tax credit.

How much does a 5kw inverter cost?

The cost of a 5kW inverter varies depending on the type of electricity system you have, with prices ranging from around $800 to $2,000. Installing solar panels in your home is just half the battle, maintaining them regularly is crucial for optimum efficiency of the solar system.

How much does a 5kW power system cost?

At this rate, your 5kW installation costs about $15,000. Compare that to $35k in 2009 and you can see just how far we’ve come. Throwing in the 30% federal tax credit, your total investment drops to an astonishingly-low $10,500. You might even be eligible for additional state, local, or utility incentives to drop that cost even further.

How much does a 5kw Solar System cost in Alaska?

Yikes! With the average solar installation costing about $15,000, Alaskans are able to save about $20k in total by installing a 5kW system ($35,866 – $15,000 = $20,866). Not a bad deal, huh?

Can a 5kw solar system save you money?

One of the most significant advantages of a 5kW solar system is its ability to save you money on electricity bills. On average, this system can save you up to $1,551 per year. Over the 25-year lifetime of the solar panels, the total savings can amount to an impressive $38,781. The rising cost of electricity is a major concern for many homeowners.

How much energy does a 5kw Solar System use?

You can see that Pittsburgh, PA, only produces about 30% less than Reno. The average home in the US uses about 10,800 kWh of electricity each year, so a 5kW installation will cover about 40% to 80% of the average home’s energy use (again, depending on location).