Solar Panel Cost Guide in Holdrege, NE (2024 Update)
- Holdrege Solar Installation Cost: $22,581
- 25-Year Savings: $21,691
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in Holdrege
Let’s have a look at the average cost of solar panels in Holdrege.
While the national average of solar panels is $2.66 per watt, solar panels in Holdrege typically cost around 4.The average Holdrege homeowner needs a 9.0-kilowatt system, which would cost about $22,581 with the federal tax credit, or $32,291 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy usage and what company you go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in Holdrege can save about $17,000 on their energy bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Holdrege
| Year | Return on Investment |
|---|---|
| 1 years | $-21,437 |
| 3 years | $-19,149 |
| 5 years | $-16,862 |
| 7 years | $-14,574 |
| 9 years | $-12,286 |
| 11 years | $-9,999 |
| 13 years | $-7,711 |
| 15 years | $-5,423 |
| 17 years | $-3,136 |
| 19 years | $-848 |
| 21 years | $1,439 |
| 23 years | $3,727 |
| 25 years | $6,015 |
Top Solar Installers in Holdrege
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar company can make swapping over to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over time.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Holdrege
Factors that Affect Solar Panel Costs in Holdrege
Although the average cost of a solar system in Holdrege is $22,581, your actual cost may differ. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,580.The solar equipment you choose can increase or decrease your cost 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 over time on your power bills. In addition, extra products, like solar batteries, can bring your total well above the Holdrege average.
Solar Financing Terms
Many homeowners find the average cost of solar in Holdrege to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time due to interest.However, the interest on solar loans also increases your total costs, so it’s crucial to take that into consideration as well. You can always reduce the total you pay in interest and in some cases 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 Holdrege is the company you hire to install your solar panel system. As with choosing a company to build a deck or pool, for example, you’ll have many options for solar installers that provide a range of services at different price points.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $3.72 | $15,637 | $10,692 | 14.8 years |
| 8 kW | $3.65 | $20,449 | $14,657 | 14.6 years |
| 10 kW | $3.58 | $25,060 | $18,823 | 14.3 years |
| 12 kW | $3.51 | $29,471 | $23,188 | 14.0 years |
| 14 kW | $3.44 | $33,681 | $27,755 | 13.7 years |
| 16 kW | $3.37 | $37,690 | $32,522 | 13.4 years |
| 18 kW | $3.29 | $41,499 | $37,489 | 13.1 years |
| 20 kW | $3.22 | $45,108 | $42,657 | 12.8 years |
How to Save on Solar Panels
The solar installer you opt for will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Reputation: Your solar installer should have a sound 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 certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar installer. See to it that you understand how the installation process works and the completion timeline.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
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 Holdrege, NE Solar Cost FAQs
What is the average cost of installing solar panels in Holdrege?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,900 for a 5-kW system and $35,800 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Holdrege?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of 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.
Is it worth going solar in Holdrege?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size 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 typically produce about 250 to 400 watt-hours per hour, the average home 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.