Call now

877-307-7668

Cost of Solar Panels Over Time

Written by Caitlin Ritchie/

Edited by Hannah Hillson

Last updated 12/02/2022

Get an estimate of solar cost and savings at your home.

Side view of a female employee inspecting newly manufactured solar panels in company. Woman quality engineer examining solar panels in factory.
alvarez/E+/Getty images

Why trust SaveOnEnergy?

Learn More

At SaveOnEnergy, we work to offer accurate information with editorial integrity. Our partners do not direct our editorial content, though we may reference their products in our posts. Read more about how we make money.

Key Points

  • The average cost of residential solar has fallen every year since 2002.
  • The Residential Clean Energy Credit offers 30% of the cost of a solar system back to consumers and has been extended through 2034.
  • Since 2002, the average price of residential solar panels has dropped from $12.2 per watt to $3.82 per watt.

Ready to go solar? Call 877-307-7668 to be connected with a solar expert today!

Solar energy by state

Is solar right for your home?
Get an estimate of solar cost and savings at your home.