Typical Costs of a Solar Power System
Depending on the desired location and design of your system, a conventional home installation ranges from 7 to 3 kilowatts and expenses between $18,000 to $40,500 to purchase.
Equipment Costs are about 45%
Solar panels: About a third with the cost of a residential solar system comes from the cost of solar panel systems, which can cost around $4,500-$12,1000.
Power inverter: The inverter converts DC to AC so you can connect directly to the grid, will surely cost $1,000-$3,000.
Mounting hardware: Based on your roof, you may need standoffs, rails, clips, etc., which cost all around $800 – $2,000.
Wiring: Wires along with wiring boxes, disconnects, conduits, as well as other electrical components often price around $1,000-$2,000.