Solar Panel Cost Guide in Nevada, MO (2023 Update)
- Nevada Solar Installation Cost: $12,785
- 25-Year Savings: $23,083
- Payback Period: 8.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Nevada
Let's have a look at the average cost of solar in Nevada.
In Nevada, solar panels cost about 2.59 per watt on average. Using this figure, a typical 7.0-kW system would cost about $12,782 before the 30% federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Nevada depending on several factors, such as the kind of solar panels you choose and the solar company you hire. Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Nevada can save around $19,000 on their electricity bills over 20 years.
To receive a free estimate from a top solar installation company in Nevada, you can click the button below.
Solar savings over time in Nevada
| Year | Return on Investment |
|---|---|
| 1 years | $-12,666 |
| 3 years | $-12,426 |
| 5 years | $-12,187 |
| 7 years | $-11,948 |
| 9 years | $-11,709 |
| 11 years | $-11,470 |
| 13 years | $-11,231 |
| 15 years | $-10,992 |
| 17 years | $-10,753 |
| 19 years | $-10,513 |
| 21 years | $-10,274 |
| 23 years | $-10,035 |
| 25 years | $-9,796 |
Top Solar Installers in Nevada
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of an installer can make swapping over to solar power much easier. Plus, if you're not certain what kind of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Nevada
Factors that Affect Solar Panel Costs in Nevada
For many Nevada homeowners, the decision to go solar 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 several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,590 per kilowatt in Nevada. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Nevada average.
Solar Financing Terms
Many homeowners find the average cost of solar in Nevada to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can play a role in determining how much you pay. Nevada's solar companies all have different labor costs and add varying upcharges to equipment. 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 decide on the company that offers the products, warranties and services you're looking for 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 | $2.69 | $11,313 | $19,205 | 9.3 years |
| 8 kW | $2.64 | $14,794 | $25,896 | 9.1 years |
| 10 kW | $2.59 | $18,130 | $32,733 | 8.9 years |
| 12 kW | $2.54 | $21,321 | $39,715 | 8.7 years |
| 14 kW | $2.49 | $24,367 | $46,841 | 8.6 years |
| 16 kW | $2.43 | $27,268 | $54,113 | 8.4 years |
| 18 kW | $2.38 | $30,023 | $61,530 | 8.2 years |
| 20 kW | $2.33 | $32,634 | $69,092 | 8.0 years |
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Solar Panel Brands: Different companies carry various brands and models of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two 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 good reviews from past customers.
- Installation Process: When making the switch to solar, it's essential to maintain an open line of communication with your solar company. Make sure you understand how the installation process will go and the project completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Nevada, MO Solar Cost FAQs
What is the average cost of installing solar panels in Nevada?
The average cost of solar panels in Nevada is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from 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 areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will installing solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Nevada is currently $106,000, which means you can look forward to a value of about $4,346 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Nevada is a rewarding investment.
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 uses 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 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.