Solar panel infographic So You Want to Switch to Solar? By the numbers $10K-$30K Average savings over lifetime of solar panel system $15K-$30K Average cost to install a home solar panel system 30% Federal tax credit for installing solar Before making a decision, answer these 3 questions: 1. Is solar right for my home? Determine if your home will actually benefit from solar (not all do). Solar installers can survey your home to see if it's a good fit. 2. What system do I want? Compare solar quotes on platforms like EnergySage.com and Sunrun.com. 3. Rent or purchase? You can pay upfront or with credit. Renting may seem less expensive, but you could see rate increases annually. Plus, if you sell your house, you’ll have to transfer that agreement to the new owner. Sources: EnergySage, USAToday