Solar Photovoltaic System Cost Benchmarks
The U.S. Department of Energy''s solar office and its national laboratory partners analyze cost data for U.S. solar photovoltaic systems to develop cost benchmarks to measure progress
Free QuoteA 5 kW solar panel system costs $13,550 in 2025 before incentives. A 5 kW solar panel system produces about 7,260 kWh of electricity annually, but the exact amount depends on where you live and how much sun you get. DIYing a 5 kW solar panel system usually isn't your best bet: You're much better off hiring a professional solar company.
A 5 kW solar panel system generates approximately 7,260 kWh of electricity each year. That's enough to keep 132 TVs running, power 5 refrigerators, or meet the energy needs of a small household (the average U.S. shopper on EnergySage needs about 12 kW of solar). But what else could it do?
According to studies by the U.S. Department of Energy, the all-in cost of a home solar panel system is between $2.74 to $3.30 per watt. 1,2,12 This figure includes the solar panels, the installation, and other expenses. Using these numbers, an average-sized 8-kilowatt residential solar system would cost between $21,900 – $26,400.
According to studies by the U.S. Department of Energy, the all-in cost of a home solar panel system is between $2.74 to $3.30 per watt. 1,2,12 This figure includes the solar panels, the installation, and other expenses.
The U.S. Department of Energy''s solar office and its national laboratory partners analyze cost data for U.S. solar photovoltaic systems to develop cost benchmarks to measure progress
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