The cost of a complete home solar system can vary depending on the size of the project, but can range between $10,000 and $20,000. The cost savings can be enough to easily offset the cost of the installation.
Many banks and loan businesses offer great rates on solar panel installation to encourage people to install them. Some companies allow consumers to rent their systems instead of purchasing them. Payments can differ depending on the final cost, amount of down payment and the interest rate customers get from their financing company. Some areas may also have rebates from local power companies that would lower the overall cost of the system also.