Solar Panel Cost Guide in Nevada, IA (2024 Update)
- Nevada Solar Installation Cost: $26,885
- 25-Year Savings: $32,275
- Payback Period: 13.2 Years
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Average Cost of Solar Panels in Nevada
See how much it might cost to switch to solar power in Nevada.
In Nevada, solar panels cost about 4 per watt on average.Since a 9.6-kW system is needed to cover the energy needs of a typical home in Nevada, the average price of going solar will be about $26,885 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Nevada homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find adopting solar power is a solid investment. The average homeowner in Nevada can save around $20,000 on their energy bills over 20 years.
Click the button below to get connected to a reputable solar panel company in your area for a personalized estimate.
Solar savings over time in Nevada
| Year | Return on Investment |
|---|---|
| 1 years | $-25,168 |
| 3 years | $-21,735 |
| 5 years | $-18,302 |
| 7 years | $-14,869 |
| 9 years | $-11,436 |
| 11 years | $-8,003 |
| 13 years | $-4,570 |
| 15 years | $-1,137 |
| 17 years | $2,296 |
| 19 years | $5,729 |
| 21 years | $9,162 |
| 23 years | $12,595 |
| 25 years | $16,028 |
Top Solar Installers in Nevada
When making the switch to solar, many homeowners decide to use a solar installer since handling can be a challenging project. Plus, if you’re not certain what kind of solar panels and equipment you need, a solar expert can help you figure that out after a site survey and consultation.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
The cost of installing a solar system in Nevada can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar system in Nevada, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by around $4,010 for each additional kilowatt you need.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Nevada average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Nevada, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also increases your all-in costs, so it’s important to take that into consideration 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
A final consideration when trying to evaluate the cost of solar for your home or business in Nevada is the company you choose to install your solar system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services at different costs.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that offers the products, warranties and services you want and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.17 | $17,516 | $14,337 | 13.7 years |
| 8 kW | $4.09 | $22,905 | $19,565 | 13.5 years |
| 10 kW | $4.01 | $28,070 | $25,018 | 13.2 years |
| 12 kW | $3.93 | $33,010 | $30,695 | 13.0 years |
| 14 kW | $3.85 | $37,726 | $36,597 | 12.7 years |
| 16 kW | $3.77 | $42,217 | $42,723 | 12.4 years |
| 18 kW | $3.69 | $46,484 | $49,074 | 12.2 years |
| 20 kW | $3.61 | $50,526 | $55,649 | 11.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 hard question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $20,050 for a 5-kW system and $40,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Nevada?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to 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 will having solar panels impact how much my home is worth?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.