Solar Panel Cost Guide in Nevada, MO (Mar 2023)
- Nevada Solar Installation Cost: $12,782
- 25-Year Savings: $23,087
- Payback Period: 8.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Nevada
Find out what the average cost of a solar system is in Nevada.
Although the national average of solar panels is $2.66 per watt, solar panels in Nevada generally cost about 2.59. The average Nevada homeowner needs a 7.0-kilowatt system, which would cost about $12,782 with the federal tax credit, or $18,278 before the 30% tax credit is applied.
The true cost of your system can be above or below the average in Nevada depending on several factors, such as the kind of solar panels you choose and the solar company you hire. For many homeowners, the upfront cost of solar is worth paying. On average Nevada homeowners see about $19,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a vetted 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 | $-11,347 |
| 3 years | $-8,477 |
| 5 years | $-5,608 |
| 7 years | $-2,739 |
| 9 years | $131 |
| 11 years | $3,000 |
| 13 years | $5,870 |
| 15 years | $8,739 |
| 17 years | $11,609 |
| 19 years | $14,478 |
| 21 years | $17,348 |
| 23 years | $20,217 |
| 25 years | $23,087 |
Top Solar Installers in Nevada
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Using an installer can make switching to solar power much easier. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
If you're searching for a solar installer in Nevada, the EcoWatch team has organized a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
There are many criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
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 energy 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 brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are available from most installers in Nevada, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Nevada, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 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 choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Different companies will have various brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: Before signing a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable 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 satisfied reviews from past customers.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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, MO Solar Cost FAQs
What is the average cost of installing solar panels in Nevada?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Nevada, 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 many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house 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.