average cost of home solar panels
1 Overall (Average) Solar panels cost (from recently updated figures in 2013) ranges between $1750 â $2500 per Kw of installed capacity (average Solar panel cost per kw). 2  This figure includes purchasing the equipment and cost for solar panel installation. Simplistic estimation of FITs income â For a solar panel installation under a FITs scheme of $0.35c per kWh you will receive on average 1650 kwh x 0.35$/kwh = approx. 2  $580 per year per kW installed. i.e. a 5kw home solar panels system will generate 5x$580 = $2900 per year.
The bulk of the price of going solar is now the âsoft costsâ (installation, permitting, etc.) rather than the solar panel cost. Again referencing the latest US Solar Market Insight report, the average installed cost of a residential solar panel system was $4.72/watt.However, prices vary tremendously by region. âCommon residential system prices ranged from less than $3.00/W to just above $7.00/W,â the Solar Energy Industries Association writes.he bulk of the price of going solar is now the âsoft costsâ (installation, permitting, etc.) rather than the solar panel cost. Again referencing the latest US Solar Market Insight report, the average installed cost of a residential solar panel system was $4.72/watt.