Solar Panel Cost Guide in Wayne, NE (2025 Update)
- Wayne Solar Installation Cost: $24,240
- 25-Year Savings: $19,574
- Payback Period: 15.6 Years
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Average Cost of Solar Panels in Wayne
Find out what the average cost of solar panels are in Wayne.
Although the national average of solar panels is $2.66 per watt, solar panels in Wayne typically cost about 4.The average solar panel system size in Wayne is around 9.7 kilowatts, meaning a cost of about $24,240 for a solar installation, or $34,663 before the 0 federal solar tax credit is applied.
The true price you pay can be above or below the average in Wayne depending on a few factors, such as the brand of solar panels you choose and the solar installer you hire.For many homeowners, the upfront investment in solar is worth paying. On average Wayne homeowners see about $15,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar company in Wayne for a quote for your home.
Solar savings over time in Wayne
| Year | Return on Investment |
|---|---|
| 1 years | $-23,247 |
| 3 years | $-21,260 |
| 5 years | $-19,273 |
| 7 years | $-17,285 |
| 9 years | $-15,298 |
| 11 years | $-13,311 |
| 13 years | $-11,324 |
| 15 years | $-9,337 |
| 17 years | $-7,350 |
| 19 years | $-5,363 |
| 21 years | $-3,376 |
| 23 years | $-1,389 |
| 25 years | $598 |
Top Solar Installers in Wayne
Although it's possible to install solar panels on your own, it takes extra labor and handiness. That's why most homeowners choose to hire a solar panel installer. Plus, if you aren’t sure what brand of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Wayne
Factors that Affect Solar Panel Costs in Wayne
There are several criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
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 better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,580.The kind of solar panels and equipment you get is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to think 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 Wayne offer solar loans, which reduce the initial cost of installing solar.Although solar loans make switching to solar energy more accessible for Wayne homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Wayne is the company you choose to install your PV system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services for different budgets.The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $8,390 | 16.3 years |
| 8 kW | $3.65 | $20,449 | $11,588 | 16.0 years |
| 10 kW | $3.58 | $25,060 | $14,986 | 15.6 years |
| 12 kW | $3.51 | $29,471 | $18,585 | 15.3 years |
| 14 kW | $3.44 | $33,681 | $22,384 | 15.0 years |
| 16 kW | $3.37 | $37,690 | $26,384 | 14.7 years |
| 18 kW | $3.29 | $41,499 | $30,584 | 14.4 years |
| 20 kW | $3.22 | $45,108 | $34,984 | 14.1 years |
How to Save on Solar Panels
The solar company you choose will impact 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 several important things you should keep in mind, such as:
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Reputation: Well-established 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 support, such as part repairs and replacements.
- Warranty: If you care about the endurance of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
EcoWatch's Wayne, NE Solar Cost FAQs
How much does it cost to install solar panels in Wayne?
The average cost of solar panels in Wayne is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Wayne?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces 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 needs 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 account for 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.