Solar Panel Cost Guide in Waverly, NE (2024 Update)
- Waverly Solar Installation Cost: $23,442
- 25-Year Savings: $19,374
- Payback Period: 15.5 Years
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Average Cost of Solar Panels in Waverly
Find out how much it might cost to install solar panels in Waverly.
The national average cost of solar panels is $2.66 per watt, but in Waverly it’s 4 per watt.The average Waverly homeowner needs a 9.4-kilowatt system, which would cost about $23,442 with the federal tax credit, or $33,522 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of making the switch to solar can vary based on several factors, such as how many panels you need, your energy usage and what solar installer you go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $15,000 over 20 years on power bills.
You can click the button below to get connected with a pre-vetted solar company in Waverly that can help you get a more accurate cost estimate for your home.
Solar savings over time in Waverly
| Year | Return on Investment |
|---|---|
| 1 years | $-22,193 |
| 3 years | $-19,693 |
| 5 years | $-17,194 |
| 7 years | $-14,695 |
| 9 years | $-12,195 |
| 11 years | $-9,696 |
| 13 years | $-7,196 |
| 15 years | $-4,697 |
| 17 years | $-2,198 |
| 19 years | $302 |
| 21 years | $2,801 |
| 23 years | $5,300 |
| 25 years | $7,800 |
Top Solar Installers in Waverly
Putting up solar panels yourself can be a challenging project, which is why using a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over time.
Working with a vetted solar installer can help you make the most of your investment in solar. 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 Waverly
Factors that Affect Solar Panel Costs in Waverly
There are many factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Waverly to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time due to interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Waverly, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Waverly have more knowledge about local solar incentives and can help you make good use 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 | $3.72 | $15,637 | $8,675 | 16.1 years |
| 8 kW | $3.65 | $20,449 | $11,968 | 15.8 years |
| 10 kW | $3.58 | $25,060 | $15,461 | 15.5 years |
| 12 kW | $3.51 | $29,471 | $19,154 | 15.2 years |
| 14 kW | $3.44 | $33,681 | $23,048 | 14.8 years |
| 16 kW | $3.37 | $37,690 | $27,143 | 14.5 years |
| 18 kW | $3.29 | $41,499 | $31,438 | 14.2 years |
| 20 kW | $3.22 | $45,108 | $35,933 | 13.9 years |
How to Save on Solar Panels
There are many companies to choose from in Waverly, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Waverly, NE Solar Cost FAQs
How much does it cost to install solar panels in Waverly?
The average cost of solar panels in Waverly is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Waverly?
You can’t get solar panels for free in Waverly. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Does Waverly have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage 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 get 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.