How much does an 8kW Solar System cost?

Among the various sizes of solar systems, 8kW solar systems have become a popular choice for medium and large homes and small businesses. An 8kw solar system can generate 32 and 40 kWh of electricity per day, 11,680 and 14,600 kWh per year, and requires 20 400w solar panels, which cost $11,680 and $16,800 after tax credits.

How much electricity does an 8 kW solar system produce?

An 8 kW solar panel system produces about 11,614 kWh of electricity annually, but the exact amount depends on where you live and how much sun you get. DIYing an 8 kW solar panel system usually isn't your best bet: You're much better off hiring a professional solar company for optimal results. How much does an 8 kW solar system cost?

How much does a solar system cost per watt?

As of publishing, the average cost per watt is $2.84. Most solar companies set the price according to the solar system's wattage. A solar installation's “cost per watt” is a little like the “price per square foot” when you buy a house. It helps compare the value of solar energy systems in different sizes.

How much does a solar panel system cost?

Installing a solar panel system can save you tens of thousands of dollars over time, but the upfront costs aren’t exactly chump change. In 2024, the average cost for an 8 kilowatt (kW) solar panel system hovers around $22,000 before incentives, though actual prices vary depending on your location and installation specifics.

How much does an 8 kW solar system save?

An 8 kW solar system can save about $150 on your monthly electricity bill, based on the average electric rate in the U.S. That's nearly $1,800 per year in solar savings! The exact amount of money that an 8 kW solar system will save varies quite a bit from state to state.

How many solar panels do you need for an 8 kW system?

8 kW solar panel systems generally use between 20 and 22 solar panels and require about 390 square feet of roof space. The number of solar panels you need for an 8 kW system depends on the power rating of the panels. For example, you would need about 23 panels if you used 350 watts.