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An on-grid solar system, also known as a grid-tied system, is connected to the traditional power grid. This connection allows for the seamless exchange of electricity between the solar installation and the grid, enabling users to consume solar power during daylight hours and draw from the grid when needed. A 10 kW system typically consists of solar panels, an inverter, mounting equipment, and necessary cabling. The inverter converts the direct current (DC) generated by solar panels into alternating current (AC), which is compatible with home appliances and the electrical grid.

As of late 2023, the average price for 240-volt solar panels ranges widely from $200 to $400 per panel, depending on the factors discussed. A complete solar system installation for a home may run between $10,000 to $30,000, depending on energy needs, panel type, and installation specifics. It's important for consumers to obtain multiple quotes and thoroughly research the components needed for a complete system.