On average the total cost of solar installation can be between $15,000 to $29,000 for average sized systems sized between 4kW and 8kW.2
Sunrun solar lets you get started for as little as $0 down and helps you lower your electric bill. If you want to own your system, we do that too. If you choose to buy your system, the graph shows an average breakdown of costs of a residential solar panel installation.
Equipment costs: Solar panels, inverter, mounting hardware and wiring
Installation and permits: Solar installation, supply chain, permitting and interconnection
Sales and operational: Monitoring and maintenance costs, repairs, additional operational and overhead
"We never thought that we would be able to afford solar. We decided to go solar when we heard that Sunrun had a product that would be no money down."
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Solar vs. Your Utility Company
Did you know that solar power already costs less than grid power in 10 states? That translates into big savings on your utility bill. Here’s why it’s happening:
Despite temporary drops in the price of oil and natural gas, utility companies continue to increase electric rates.3 Over time, fossil fuels will continue to be limited, further driving the costs up.
The cost of solar panels is falling, down almost 100 percent since 1977 (see chart) and more than 50% since 2007 alone.4
Installation costs are falling as well, as more solar providers enter the market to meet growing demand.
Incentives can help you save
Federal, state and local incentives push costs down even further. Currently, homeowners can take advantage of a 30 percent federal tax credit now through 2016. Even if the credit falls to 10 percent with no additional rebates after 2016 as some predict, solar comes out ahead of grid electricity in most of the U.S. as shown in this map.5
So why wait? Solar is ready now, and your savings start immediately.
Sunrun is one of the leading companies for home solar. We take care of everything from paperwork to solar installation so you don’t have to do a thing.
Even better, you can save 20% on your electric bill when you go solar with Sunrun.5 Plus, with our 100% guarantee your system will perform as expected, or we’ll cut you a check for the difference. We've got you covered on everything from maintenance to monitoring and repairs – at Sunrun, we always have your back.
5. Based on average Sunrun contract signed in 2014, payment by automatic debit, and an assumed annual utility rate increase of 3.5%. Actual savings will vary. Savings depends on several factors, including product type, system production, geography, weather, shade, electricity usage, and utility rate structures and rate increases. See sunrun.com/save20 for details.
* Assumes a 10% Federal Tax rebate with no state incentives