How much does a 120v solar panel cost

The average cost of solar panels ranges from $2. 50 per watt installed, with most homeowners paying between $15,000 and $35,000 for a complete system before incentives. 5 kW system, but prices can vary from as little as $7,700 for smaller solar systems to upward of $34,700 for larger systems. Using these numbers. . Solar panels cost about $21,816 on average when purchased with cash or $26,004 when purchased with a loan for a 7. Factors such as installation expenses and local economic conditions can also contribute to the. . [pdf]