24 per watt on a solar inverter, not including labor costs. Most solar panel contractors charge around $50 to $100 per hour. You may save $1,000 to $2,500 up-front by. . A solar inverter costs $1,500 to $3,000 total on average for a medium-sized solar-panel system installation. However, as the size of the installation increases, so does the cost of the inverter. When choosing a solar inverter, it is important to consider the size. . Small Residential Systems (3-5 kW): These systems typically use inverters ranging from 3 to 5 kW, with prices ranging from $1,000 to $2,000.
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