As of July 2025, the average solar panel system costs $2. 57/W including installation in Lima, OH. For a 5 kW installation, this comes out to about $12,825 before incentives, though prices range from $10,901 to $14,749. Brand and quality of components, 3. 6 kilowatts, meaning a cost of about $18,154 for a solar installation, or $25,960 before the 0 federal. . First off, it's important to understand that the cost of a solar system cabinet can vary widely depending on several factors. These include the type of cabinet, its size, the materials used, and the features it comes with. The federal investment tax credit (ITC) lowers that price by 30% of all your solar equipment and installation costs. NLR's PV cost benchmarking work uses a bottom-up. .
