How much does a solar inverter cost?

You can expect to spend $0.15 to 0.24 per watt on a solar inverter, excluding installation costs. Smaller inverters for DIY systems cost less than $500, while large inverters can cost more than $3,000. Use a solar panel inverter size calculator to determine the right size for your system. There are three main types of solar inverters for your home.

How much does a string inverter cost?

String inverters cost $800 to $2,500 on average. Most homes only require a single inverter, but you could need up to three if you have a larger-than-average residential solar energy system. String inverters work by connecting several solar panels, which send their electricity to a central point where the inverter converts the power.

Where should a solar inverter be installed?

Depending on the type, contractors install inverters directly on the backside of the solar panel, on the side of the house, on the roof, or inside a garage. Get free estimates from solar panel installers near you. Factors that affect solar inverter costs include:

How much does a 6 kW inverter cost?

Example Calculation for 6 kW Installation: At the average rate of $0.28 per watt, an inverter for a 6 kW system would cost around $1,100. If the inverter is priced at the higher end ($0.50 per watt), the cost for the same system would be about $1,650.

How much does a microinverter cost?

Microinverters cost an average of $150 to $300 each, but you’ll need one for each solar panel in your system. They’re installed on the underside of each panel and immediately convert electricity as soon as it’s generated, helping increase efficiency by limiting energy loss. Microinverters are popular because they perform well in areas with shade.

How much does it cost to replace an inverter?

If the warranty for your inverter has expired, minor repairs can save cash and extend the inverter’s life span. A replacement runs $200 to $500 plus the cost of the inverter. You’ll want to replace your inverter if: