The industry average cost of a photovoltaic solar system depends on its size. A 5 kW photovoltaic solar system costs approximately $35,000 and an 8 kW photovoltaic solar system costs approximately $72,000.
This is the price of a raw photovoltaic solar system. Currently, the government and utilities are offering multiple incentives eliminating up to 50% of the cost of a photovoltaic solar system. Average costs will vary based on the quality of the work, unique site characteristics and sizing strategy.