The Price of Residential Solar Power Solar costs have declined significantly, and are at their lowes
Updated: Apr 24, 2019
The Price of Residential Solar Power
Solar costs have declined significantly, and are at their lowest point in over 30 years. Solar is now more affordable than ever and advances in technology have improved system quality and design.
On average the total cost of solar installation can be between $15,000 to $29,000 for average sized systems sized between 4kW and 8kW.2 Sunrun solar lets you get started for as little as $0 down and helps you lower your electric bill.
If you want to own your system, we do that too. If you choose to buy your system, the graph shows an average breakdown of costs of a residential solar panel installation.
How Much Does The Average Solar System Cost?
If you are looking to go solar, and want more information; contact us today for a free quote.
"We never thought that we would be able to afford solar. We decided to go solar when we heard that Sunrun had a product that would be no money down." Kristin C., West Orange, New Jersey, Customer since 2012
SOLAR SAVINGS ARE BIGSee if you qualify for solar
Do you own your home?
When you purchase a residential solar system, the cost of your system also depends on its size. Larger systems will cost more as they require more panels.
A photovoltaic system is more than its panels — it's made up of many other components, including wiring, racks, an inverter, and often a solar monitor and meter. The balance of systems and installation labor costs can drive up the overall cost-per-watt of a system.
Solar is More Than Just Panels
Your home solar system cost is not based solely on the price of solar panels. It is calculated based on a number of other components, including wiring, racking, an inverter, and a solar monitor. When you purchase a solar system, your solar panel installation costs and material costs will depend on your system's size.
The typical home solar system size is approximately 5 kilowatts (kW). Some households will need larger systems to meet the energy needs of the home.
How much does it cost for Sunrun's home solar installation?
Your home solar power system doesn’t have to cost a lot. When you choose a solar PPA lease opton you can get your solar panel installation costs down to $0. We take care of the equipment costs, installation, permits, and we’ll even protect your system for 20 years. All you pay for is the solar energy, and save money on your electric bill each month. Here’s how it works:
Learn more about our solar financing options, and let us help you choose a plan that makes sense for you.
How Are Solar Panel Costs Measured?
Solar panels are measured in watts and are often priced in dollars-per-watt. Not all panels are created equal, and they’re priced accordingly.
Solar Power Costs vs. Your Utility Company
Did you know that solar power already costs less than grid power in 10 states? That translates into big savings on your utility bill. Here’s why it’s happening:
Despite temporary drops in the price of oil and natural gas, utility companies continue to increase electric rates.3 Over time, fossil fuels will continue to be limited, further driving the costs up.The cost of solar panels is falling, down almost 100 percent since 1977 (see chart) and more than 50% since 2007 alone.4Installation costs are falling as well, as more solar providers enter the market to meet growing demand.
Solar panel costs are dropping, while electric rates aren’t. See how much you can save with a fast, free solar quote.
Why Should I Choose Sunrun?
Sunrun is one of the leading home solar company. We take care of everything from paperwork to solar installation so you don’t have to do a thing.
Even better, you can save up to 20% on your electric bill when you go solar with Sunrun.5 Plus, with our 95% guarantee** your system will perform as expected, or we’ll cut you a check for the difference. We've got you covered on everything from maintenance to monitoring and repairs – at Sunrun, we always have your back.
How to Go Solar
Whatever solar needs you have, at Sunrun we customize your solar system to meet your energy needs, match your budget, help you save money, and reduce your carbon footprint. We provide industry leading-service packages and warranties that make going solar simple and easy.
You Have Plenty of Solar Lease Options
Save up to 20% on your electric bill by paying a flat monthly amount for the energy your system generates.
Save more with a simple, one-time upfront payment, locking in 20 years of worry-free electricity.
Solar Ownership Options Are Yours To Take
Pay upfront to own your system and your savings. You will receive all tax credits, rebates and incentives..
Own your system and your savings for $0 down today. We offer hassle-free financing at competitive rates and attractive term lengths (12 years and 20 years).