Solar Panel Costs in 2026 : It''s Usually Worth It
Solar panels cost about $21,816 on average when purchased with cash or $26,004 when purchased with a loan for a 7.2 kW system. While that price tag seems steep, the electricity bill
While the 700-watt solar panel price might be higher compared to traditional lower-wattage panels, you will need fewer panels to satisfy your energy needs, which means that the overall cost of your solar system will be cheaper.
For reference, the national average cost of solar panels is $3.03 per watt. Solar rebates help make solar more affordable by directly lowering the upfront cost of a solar installation. If you have access to solar rebates, consider yourself lucky! They are few and far between these days.
Solar panel installation costs vary by the installation company and project scope, making it challenging to pinpoint exactly how much you'll pay to have a pro install your solar panels. However, the U.S. Department of Energy estimates that installers add around $2.25 per watt to the cost of a solar panel installation.
The average 6-kW residential solar panel installation is $17,852 before incentives. Learn about cost factors, financing options, tax breaks and more.
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