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How to pay for solar panels and evaluate their tax benefits and energy savings

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The cost of solar panels varies depending on your location and the size of the system, which depends on your energy consumption and your roof area. Installing solar panels and an inverter costs between $15,000 and $25,000 on a 3,000-square-foot home with two adults and two children, says Scott Cramer, CEO of Go solar in Glendale, California.

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