The cost of a solar installation depends on multiple factors: 1) how do you plan to finance the installation—cash, loan, or lease; 2) how much electricity do you consume; 3) the size of the installation, and 4) what incentives are available to you. In recent years, the cost of solar power has dropped significantly (73% since 2006!), largely due to federal and state incentives. That being said, solar installations can involve a sizable upfront financial commitment. On average, the cost of solar installations ranges from $15k to $29k for a system sized between 4kW and 8kW (the average size of a residential solar system in the U.S. is 5 kW). This will include the cost of all components - solar panels, panel mounts, inverters - and labor associated with installation. Typical payback periods, or the amount of time required to recover your cash outlay, range from 4 to 10 years. To learn more, contact us today.