Residential solar panel cost is a crucial factor for homeowners considering solar energy as an alternative power source. The overall cost of installing solar panels can vary depending on several factors, including the size of the system, the type of panels chosen, and your location. On average, the cost of residential solar panel installation ranges from $15,000 to $25,000 before incentives or rebates. However, federal tax credits and state-specific incentives can significantly reduce the upfront expense. Additionally, solar systems typically pay for themselves over time through savings on energy bills, with many homeowners seeing a return on investment in 6 to 10 years. As solar technology advances, installation costs have been steadily decreasing, making it an increasingly affordable and eco-friendly option for homeowners looking to reduce their energy consumption and environmental footprint.