Solar Panel Cost Guide in Gering, NE (2023 Update)
- Gering Solar Installation Cost: $17,623
- 25-Year Savings: $35,060
- Payback Period: 8.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Gering
We go over average solar pricing in Gering.
In Gering, solar panels cost about 2.83 per watt on average. Because a 8.9-kW system is needed to cover the energy needs of a typical home in Gering, the average price of going solar will be about $17,631 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of making the switch to solar can vary quite a bit based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with. For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $23,000 in savings on energy bills over 20 years.
Click the button below to get connected to a top solar panel company in your area for a customized quote.
Solar savings over time in Gering
| Year | Return on Investment |
|---|---|
| 1 years | $-15,851 |
| 3 years | $-12,306 |
| 5 years | $-8,762 |
| 7 years | $-5,217 |
| 9 years | $-1,672 |
| 11 years | $1,873 |
| 13 years | $5,417 |
| 15 years | $8,962 |
| 17 years | $12,507 |
| 19 years | $16,052 |
| 21 years | $19,597 |
| 23 years | $23,141 |
| 25 years | $26,686 |
Top Solar Installers in Gering
When switching to solar energy, many homeowners decide to use a solar installation company since installing a solar system yourself can be a difficult project. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Gering
Factors that Affect Solar Panel Costs in Gering
The cost of installing a solar system in Gering can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,830 per kilowatt in Gering. There are many different solar panel brands and the one you choose also changes the cost. Typically, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Gering offer solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also increases your total costs, so it's crucial to keep that in mind 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
The solar installer you choose to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Gering, and each can charge different amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $2.94 | $12,361 | $23,171 | 8.7 years |
| 8 kW | $2.89 | $16,165 | $31,211 | 8.5 years |
| 10 kW | $2.83 | $19,810 | $39,410 | 8.4 years |
| 12 kW | $2.77 | $23,297 | $47,768 | 8.2 years |
| 14 kW | $2.72 | $26,625 | $56,284 | 8.0 years |
| 16 kW | $2.66 | $29,794 | $64,958 | 7.9 years |
| 18 kW | $2.60 | $32,805 | $73,791 | 7.7 years |
| 20 kW | $2.55 | $35,658 | $82,782 | 7.5 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Gering, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide good-quality solar panel installation and expertise.
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 Gering, NE Solar Cost FAQs
What is the average cost of installing solar panels in Gering?
The average cost of solar panels in Gering is about $14,150 for a 5-kW system and $28,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Gering?
Leasing solar panels can be an option if you are unable to pay upfront or secure 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 much can I save on energy bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Gering, 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 long do solar panels last in Gering?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.