Solar Panel Cost Guide in Wayne, NE (2023 Update)
- Wayne Solar Installation Cost: $19,162
- 25-Year Savings: $19,574
- Payback Period: 12.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Wayne
See how much it might cost to go solar in Wayne.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wayne, the typical cost of a solar system is 2.83 per watt. The average Wayne homeowner needs a 9.7-kilowatt system, which would cost about $19,156 with the federal tax credit, or $27,393 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Wayne homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $15,000 on energy bills over 20 years, many homeowners in Wayne find installing solar panels can be quite rewarding.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Wayne
| Year | Return on Investment |
|---|---|
| 1 years | $-19,033 |
| 3 years | $-18,775 |
| 5 years | $-18,516 |
| 7 years | $-18,258 |
| 9 years | $-18,000 |
| 11 years | $-17,742 |
| 13 years | $-17,483 |
| 15 years | $-17,225 |
| 17 years | $-16,967 |
| 19 years | $-16,709 |
| 21 years | $-16,451 |
| 23 years | $-16,192 |
| 25 years | $-15,934 |
Top Solar Installers in Wayne
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Going with an installer can make your swap to solar power much easier. A solar company can also help save you money in the long run by providing warranties, repairs and part replacements.
If you'd like to go solar but still aren't certain which solar panel company to go with, here are our recommendations for providers in Wayne:
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 Wayne
Factors that Affect Solar Panel Costs in Wayne
For many Wayne homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Wayne, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your home, 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 around $2,830. There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that are more efficient tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Wayne provide solar loans, which reduce the initial cost of installing solar panels. It's wise 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 how long it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can play a part in determining how much it costs. Wayne's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Wayne are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $11,666 | 12.9 years |
| 8 kW | $2.89 | $16,165 | $15,872 | 12.6 years |
| 10 kW | $2.83 | $19,810 | $20,236 | 12.4 years |
| 12 kW | $2.77 | $23,297 | $24,759 | 12.1 years |
| 14 kW | $2.72 | $26,625 | $29,440 | 11.9 years |
| 16 kW | $2.66 | $29,794 | $34,280 | 11.6 years |
| 18 kW | $2.60 | $32,805 | $39,278 | 11.4 years |
| 20 kW | $2.55 | $35,658 | $44,434 | 11.1 years |
How to Save on Solar Panels
There are numerous companies to choose from in Wayne, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Long-standing companies likely have a solid 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.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: Different companies will offer different brands and types of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
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 Wayne, NE Solar Cost FAQs
How much does it cost to install solar panels in Wayne?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $14,150 for a 5-kW system and $28,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can solar panels eliminate my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Wayne, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate 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 Wayne?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.