How Much Do Solar Inverters Cost?
Discover the cost of solar inverters, including factors that influence prices, different types available, and how to choose the right one for your budget and needs.
Most solar panel contractors charge around $50 to $100 per hour. You may save $1,000 to $2,500 up-front by choosing a string inverter over a microinverter or hybrid inverter. A solar inverter costs $2,000 on average, with prices often ranging from $1,000 to $3,000. That said, some homeowners spend as little as $800 or as much as $5,000.
Countries like the USA, Germany, and India have introduced financial assistance programs that reduce the overall cost of solar power systems, making solar inverters more affordable for homeowners and businesses. Solar Inverter Price Comparison: What to Expect?
System size – Your inverter's input-wattage rating should be close to your solar panel system's output rating. U.S. residential solar panel systems typically fall in the 5 kilowatt range. Efficiency – The industry standard for peak efficiency is 97%. More efficient models often cost more.
A 4 kW solar panel system is enough to power a small home—but it'll cost you about $11,200. Why trust EnergySage? As subject matter experts, we provide only objective information. We design every article to provide you with deeply-researched, factual, useful information so that you can make informed home electrification and financial decisions.
PDF version includes complete article with source references.
Get specifications and technical data for our MW-scale energy storage and PV integration solutions.
45 Energy Innovation Park
London WC2H 8NA, United Kingdom
+44 20 7783 1966
Monday - Friday: 8:00 AM - 6:00 PM GMT