Find the best prices for installing solar panels in

Solar power overview

The U.S. has one of the best climates for solar power in the world and is home to some of the best solar companies and manufacturers. For homeowners who are looking for clean energy solutions, solar power is utterly essential. The benefits of solar power go beyond just saving money on your energy bills; you can take complete control of your electricity use and energy efficiency, reducing or even eliminating your reliance on utility companies. Even more impactful, you can directly lower greenhouse gas emissions and your reliance on fossil fuels, which provides a number of tangible environmental benefits.

Get quotes from the best solar companies in

Projected lifetime savings over time, based on purchase type

Lifetime Graph

If you have the funds, paying in cash will maximize your long-term savings. For those without the necessary cash flow, a solar loan will make the most sense. Leases, for the most part, are still guaranteed to save you money, but they come with fewer benefits and less flexibility.

Avg. lifetime savings over 25 years (10 kW)

$62,059

Avg. payback period

7.5 years

Avg. payback period

$14k-$27k

Avg. cost with tax credit (5-10 kW)

$10k-$20k

Avg. cost (in CA)

$2.73: watt

Avg. annual power production (10 kW)

18,280 kWh

Find how much you can save using solar in

How much do solar panels increase home values?

Home Solar System Size

Amount Solar Panels Increase Home Value*

Cost to Install Solar Panels (After Tax Credit)**

4 kW

$23,644

$7,874

6 kW

$35,466

$11,810

8 kw

$47,288

$21,280

10 kw

$59,110

$19,684

Cash purchased Before 26% solar tax credit

$2.73 per watt

Financed Before 26% solar tax credit

$3.05 per watt

Leased Estimate for average lease cost

$50-$250/month

Pros and cons of installing solar panels

Homeowners should keep in mind their expected solar panel payback period, or the amount of time it will take to recoup their investment, by state. The cost of your home solar system can vary greatly, depending on the total federal and local tax credits.

Not all systems completely offset the energy you’d typically purchase from your utility company. But solar panels can increase your property value by up to $15,000, according to the Department of Energy.

Most residential solar systems will produce electricity for 20 to 30 years and require very little maintenance. The costs/savings vary based on how you purchased the panels (bought outright, financed, or leased).

Compare solar quotes from the best companies in

Electricity produced by solar panels

The best way to determine whether your home is a good fit for solar electricity is to contact a solar installer in your area. A solar energy specialist can come to take a look at your home and give you a custom recommendation.

Solar rebates, incentives, and tax credits

In states that have a solar sales tax exemption, the purchase of solar panels may be shielded from sales tax. Currently, at least 25 states offer a solar sales tax exemption and 36 states offer solar property tax incentives.

Year Placed In Service
Federal Solar Tax Credit

2021

26%

2022

26%

2023

22%

2024

10% (for commercial installations only)

Year Placed In Service

2021

Federal Solar Tax Credit

26%

Year Placed In Service

2022

Federal Solar Tax Credit

26%

Year Placed In Service

2023

Federal Solar Tax Credit

22%

Year Placed In Service

2024

Federal Solar Tax Credit

10% (for commercial installations only)

Explore the best incentive programs in

EcoWatch

The information on our website is general in nature and is not intended as a substitute for competent legal, financial or electrical engineering advice. As forecasting solar savings involves assumptions about future electricity prices you should be aware such estimates are inherently uncertain.