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Solar savings

Quick answer
A typical 7 kW residential solar system costs $18,000–$26,000 before incentives and saves $1,000–$1,800/year in electricity. With the 30% federal credit, most systems break even in 7–11 years.
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Typical cost range
$18,000$26,000
Best caseTypicalWorst case

National range, local reality

Costs at the low end of $18,000 reflect smaller or simpler jobs in lower-cost regions. The high end of $26,000 assumes premium materials, complex scope, or high-cost metros.

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Financing options

Most homeowners pay cash for smaller jobs, use a HELOC or home equity loan for larger projects, or take a renovation loan when equity is limited.

Insurance considerations

Homeowners insurance covers sudden, accidental damage from a named peril. Gradual wear and maintenance issues are excluded — a home warranty may help close that gap.

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Last updated: 1970-01-01