Solar Panel Cost Guide in Las Vegas, NV (2024 Update)
- Las Vegas Solar Installation Cost: $12,462
- 25-Year Savings: $25,274
- Payback Period: 8.8 Years
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Average Cost of Solar Panels in Las Vegas
Let’s have a look at the average cost of solar panels in Las Vegas.
While the national average of solar panels is $2.66 per watt, solar panels in Las Vegas typically cost around 3.Because a 5.8-kW system is needed to cover the energy usage of a typical home in Las Vegas, the average price of going solar will be about $12,462 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Las Vegas homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Even with the significant upfront cost, the average Las Vegas homeowner can save around $23,000 on their electricity bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a vetted solar company in your area for a custom estimate.
Solar savings over time in Las Vegas
| Year | Return on Investment |
|---|---|
| 1 years | $-11,125 |
| 3 years | $-8,450 |
| 5 years | $-5,775 |
| 7 years | $-3,100 |
| 9 years | $-425 |
| 11 years | $2,250 |
| 13 years | $4,925 |
| 15 years | $7,600 |
| 17 years | $10,275 |
| 19 years | $12,949 |
| 21 years | $15,624 |
| 23 years | $18,299 |
| 25 years | $20,974 |
Top Solar Installers in Las Vegas
When making the switch to solar, many homeowners opt to hire a solar installation company since overseeing your solar installation yourself can be a challenging project. Some solar installers, especially local ones, can help you better understand incentives in Las Vegas, optimizing your ROI.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Las Vegas
Factors that Affect Solar Panel Costs in Las Vegas
There are a number of factors that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,080. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Las Vegas to be too costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.However, the interest on solar loans also increases your total costs, so it’s crucial to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you select will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.20 | $13,453 | $23,365 | 9.1 years |
| 8 kW | $3.14 | $17,593 | $31,498 | 9.0 years |
| 10 kW | $3.08 | $21,560 | $39,804 | 8.8 years |
| 12 kW | $3.02 | $25,355 | $48,283 | 8.6 years |
| 14 kW | $2.96 | $28,977 | $56,933 | 8.4 years |
| 16 kW | $2.90 | $32,426 | $65,757 | 8.3 years |
| 18 kW | $2.83 | $35,703 | $74,752 | 8.1 years |
| 20 kW | $2.77 | $38,808 | $83,920 | 7.9 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Las Vegas, NV Solar Cost FAQs
How much does it cost to install solar panels in Las Vegas?
The average cost of solar panels in Las Vegas is about $15,400 for a 5-kW system and $30,800 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Las Vegas?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on electricity bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Las Vegas, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Las Vegas?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.