While the potential for significant savings on your monthly electric bills is a major draw of solar panels, the upfront investment can be a hurdle for some homeowners. Get in touch with our solar consultants to talk further about the incentives and financing options available. We’ll walk you through the options to see how solar can fit your budget. The average cost of solar panels can vary, typically ranging from $2 to $4 per watt. For a small 5-kilowatt system, this translates to an estimated initial investment of about $15,000. For a more typical 10kW system, the average cost is about $30,000. Dive deeper into the costs and potential savings of residential solar panels as you explore the exciting world of solar energy.