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As of 2023, the average cost of solar panels in the United States ranges from $2.50 to $3.50 per watt, depending on various factors including location, the type of solar panel, and the complexity of the installation. For a typical residential solar system, which averages around 6 to 10 kilowatts (kW), this translates to a total cost ranging from $15,000 to $30,000 before any incentives or rebates.

1. Cost Savings One of the most significant advantages of on-grid solar systems is the potential for substantial savings on electricity bills. By using solar power during the day, homeowners can reduce their reliance on grid electricity, leading to lower energy costs. Additionally, net metering can provide financial credits for any excess energy sent back to the grid.

1. Power Management A 3kW hybrid solar inverter is designed to handle a power output of 3000 watts, which is suitable for small to medium-sized households. This capacity allows homeowners to run essential appliances, such as refrigerators, lights, and other electronic devices, without worry.