How Much Does Installing Solar Panels in Your Home Cost?

The average cost of installing solar panels in a house as of 2015 is $17,000 in total. This includes the cost of materials, labor and installation.

Solar panels are a long-term investment, and they save an average of $84 per month on electric costs while also reducing a household's carbon footprint. There are also tax credits available for people who choose to install solar panels, including those for residences and businesses. The tax credit as of 2015 is approximately 30 percent. There are also local tax incentives that vary by location. Some companies give the option of leasing the equipment instead of purchasing it new.