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The initial cost of solar panel installation can vary significantly based on a range of factors. On average, residential solar panel systems can cost between $15,000 and $25,000 before any incentives or tax credits. This price typically includes the solar panels, inverters, mounting hardware, and installation labor. However, the system size, brand of solar panels, and local labor rates can greatly affect the final price.

- Cost Customization often comes with a price. Although the investment can yield long-term savings on energy bills, it’s essential to weigh the upfront costs against potential benefits.