Solar Panel Cost Guide in Nevada, IA (2023 Update)
- Nevada Solar Installation Cost: $18,571
- 25-Year Savings: $32,275
- Payback Period: 9.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Nevada
See how much it might cost to make the switch to solar in Nevada.
Although the national average of solar panels is $2.66 per watt, solar panels in Nevada generally cost around 2.77. Using this figure, a typical 9.6-kW system would cost about $18,576 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of installing solar panels can vary depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Nevada can save around $20,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Nevada that can help you get a more accurate cost estimate for your home.
Solar savings over time in Nevada
| Year | Return on Investment |
|---|---|
| 1 years | $-18,402 |
| 3 years | $-18,063 |
| 5 years | $-17,724 |
| 7 years | $-17,385 |
| 9 years | $-17,046 |
| 11 years | $-16,707 |
| 13 years | $-16,368 |
| 15 years | $-16,029 |
| 17 years | $-15,690 |
| 19 years | $-15,351 |
| 21 years | $-15,012 |
| 23 years | $-14,673 |
| 25 years | $-14,334 |
Top Solar Installers in Nevada
Although it's possible to install solar panels by yourself, it involves extra time and know-how. For that reason, almost all homeowners choose a solar panel installer. Companies can also have access to various kinds of the best solar panels and help you choose which one will be right for your home.
If you're on the hunt for a solar installer in Nevada, we've organized a list of our top suggestions here:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Nevada
Factors that Affect Solar Panel Costs in Nevada
For many Nevada homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Nevada, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,770. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Nevada homeowners decide to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar installation company you select will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have 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 | $2.88 | $12,099 | $19,753 | 9.5 years |
| 8 kW | $2.83 | $15,822 | $26,648 | 9.3 years |
| 10 kW | $2.77 | $19,390 | $33,698 | 9.1 years |
| 12 kW | $2.71 | $22,803 | $40,903 | 8.9 years |
| 14 kW | $2.66 | $26,060 | $48,263 | 8.8 years |
| 16 kW | $2.60 | $29,163 | $55,778 | 8.6 years |
| 18 kW | $2.55 | $32,110 | $63,448 | 8.4 years |
| 20 kW | $2.49 | $34,902 | $71,273 | 8.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: The model of solar panel you'd like to get plays a part in which company you should opt for, since different companies provide different panels.
- Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can verify your installer's reputation is by reading reviews.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Nevada, IA Solar Cost FAQs
What is the average cost of installing solar panels in Nevada?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Does Nevada have a net metering program?
Most states have net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.