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[pdf] 5 kW solar system, you'll spend anywhere from $16,600 to $20,500 before accounting for tax credits or rebates. . Solar panels cost between $2. Global estimates are used before 2010; European market benchmarks thereafter due to limited data availability. Department of. . Solar panels can lower your electricity bill by 75% or more, but the upfront investment is significant. Most homeowners spend between $12,600 and $33,376 to install a complete residential solar system in 2026, with the national average at $19,873 before incentives. This typically translates to about $2. 50 per watt of installed capacity (more on price per watt below).
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