In the US, how much does a 5,000 Watt solar energy system cost in 2017?

A 5K system is the most commonly installed size of solar panel systems for homes in the US. As of this year, the average cost of solar systems in the US is $3.26 per watt which comes out to around $16,300 for a 5 kW system. After the 30% Federal tax credit, the system cost would be $11,410. This is before any other state, local, or utility rebates and financial incentives. However, compared to the average price of solar on the market, you could expect a 20-35% less expensive price from HahaSmart.

5kW solar panel prices in your state.

We compared the date of the most popular solar shopping platform for homeowners to the data of homeowners going solar with HahaSmart. The prices listed below already have the 30% federal Investment Tax Credit for solar deducted. Many states have additional rebates and incentives available for homes using solar that will bring the final prices you see even lower. Homeowners who register with HahaSmart save 15-25% off the price on the market today just by eliminating most of the markups on solar panels, inverters, and other solar equipment.

Remember that the cost of solar depends on a lot of factors, so these number are meant to be a general starting point. Price can vary depending on the brand of products you choose, the shape and condition of your roof, and the financing option you choose.

In most cases, you should be able to find a 5kW solar energy system within these price ranges, so if you have received an offer from another solar company that is much higher, be sure to ask questions.

How much electricity can 5,000 watts of PV panels produce?

The amount of electricity your solar panel system will produce depends on the panel installation’s direction toward the sun angle of tilt.  While most people are concerned with the effieciency rating of their panels, that rating only matters if you are concerned with available roof space.  To put it simply

The most important factor for greater production, is the amount of sunny days your property recieves. For example, a 5kW system in Southern California will generate around 30% more electricity than the same 5kW system in New York.  Now, this does not mean that you have to live on the equator for solar to make sense for you. The main advantage of solar panel systems is that almost anywhere you install them, you will save on the cost of electricity. Still, the sunnier the location, the bigger the savings will be.

3 Tips on how to get the best deal on a 5kW system in 2017

Buy Solar Direct and Skip the Middleman companies

By the time solar products usually get to homeowners, the prices have been marked up on every level of the solar distribution chain. From manufacturers, to distributors, to dealers, to solar companies, to sales agents, to installers, there is plenty of room for price growth.  If you choose to go solar through a direct company like HahaSmart, you will avoid the inflated prices in the solar industry, and save a lot of money on your project.

Get Multiple Quotes with Different Product Combinations

As with any large home improvement project, shopping for a solar panel installation takes research and quite a bit of comparison. When searching for the best solar panels on the market, it is important to consider multiple variables. Are the panels higher in price simply because of their brand? Will you get a higher return on your investment if you choose high effieciency panels?

Comparing different quotes with various product combinations can help you understand where the prices come from and make an informed decision about your purchase.  At HahaSmart we offer at least 4 different quotes with different product combinations, as well as substitution options if it is necessary.

The Smallest Installers offer the Smallest Prices

When it comes to solar installers, bigger is not always better.  The fact is, larger installation companies are less likely to offer a lower price when trying to close a deal. We stongly encourage solar shoppers to consider all of their options, not just the easily recognizable companies that are large enough to pay for marketing and TV ads. If you initially recieved an offer from a large solar installation company, make sure you compare that price with several other quotes.

With HahaSmart, you will be connected to a network of independent installers, letting you collect diverse solar installation bids with different equipment packages.  You will have access to at least 4 installers in your area, with whom you can negotiate the final installation price. All our installers have been vetted, with their business license, reputation, and experience verified by our team. Homeowners who get 3 or more quotes have the negotiating power to save around $5000 on their solar panel installation.

For any home or business owner in the early stage of shopping around for solar products, a price estimate is very helpful in determining where to look next. Try our Price Checker and find out what your upfront cost for a solar panel system will be, based on your location and your monthly electric bill.