How much does it cost to install solar panels?

While solar offers a great return on investment, it is a large ticket purchase that will require you to either have access to large sums of cash, or the ability to secure financing. $30,000 depending on how many panels you require, while a heavy power consumer may spend upwards of $50,000 for a larger installation.

Are solar panels worth it?

Solar panels are only ever going to be worth it if you can afford them. Be careful if you need to take out a loan as the interest repayments might be higher than your returns. And while it’s important to think about the money, lots of people see the environmental impact as the key reason to invest in solar panels.

How much does home solar cost?

The average pre-incentive cost of home solar is $29,161 for a three-bedroom house, or $20,412 after claiming the 30% tax credit. However, as shown in the chart below, the number of bedrooms isn’t a great indicator of the size and cost of a solar system – and neither is living space, for that matter.