Solar Panel Cost Guide in Beatrice, NE (2023 Update)
- Beatrice Solar Installation Cost: $18,307
- 25-Year Savings: $18,450
- Payback Period: 12.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Beatrice
We go over average solar pricing in Beatrice.
In Beatrice, solar panels cost about 2.83 per watt on average. Using this figure, a typical 9.2-kW system would cost about $18,304 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Beatrice based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire. But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically rewarding, with a net average savings of about $15,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar company in Beatrice for a quote for your home.
Solar savings over time in Beatrice
| Year | Return on Investment |
|---|---|
| 1 years | $-17,217 |
| 3 years | $-15,038 |
| 5 years | $-12,859 |
| 7 years | $-10,680 |
| 9 years | $-8,500 |
| 11 years | $-6,321 |
| 13 years | $-4,142 |
| 15 years | $-1,963 |
| 17 years | $216 |
| 19 years | $2,396 |
| 21 years | $4,575 |
| 23 years | $6,754 |
| 25 years | $8,933 |
Top Solar Installers in Beatrice
Many homeowners decide to hire a solar panel company since trying to put up solar panels by yourself can be a labor-intensive endeavor. Some solar installers, particularly local ones, can help you take advantage of incentives in Beatrice, thereby optimizing your ROI.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Beatrice
Factors that Affect Solar Panel Costs in Beatrice
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Beatrice: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,830. The kind of solar panels and equipment you get is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Beatrice have solar loans, which reduce the initial cost of installing solar panels. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can influence how much you pay. Beatrice's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Beatrice have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.94 | $12,361 | $11,503 | 12.9 years |
| 8 kW | $2.89 | $16,165 | $15,654 | 12.7 years |
| 10 kW | $2.83 | $19,810 | $19,964 | 12.5 years |
| 12 kW | $2.77 | $23,297 | $24,432 | 12.2 years |
| 14 kW | $2.72 | $26,625 | $29,059 | 12.0 years |
| 16 kW | $2.66 | $29,794 | $33,844 | 11.7 years |
| 18 kW | $2.60 | $32,805 | $38,788 | 11.5 years |
| 20 kW | $2.55 | $35,658 | $43,890 | 11.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Warranty: If you're concerned about the endurance of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
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 Beatrice, NE Solar Cost FAQs
What is the average cost of installing solar panels in Beatrice?
The average cost of solar panels in Beatrice is about $14,150 for a 5-kW system and $28,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.