Solar Panel Cost Guide in Wayne, NE (2024 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.To cover the typical energy usage of the average home in Wayne, most homeowners require a 9.7-kilowatt system. Using the figure above, a solar installation costs around $24,240, or $34,663 before the federal solar tax credit of 0 is applied.
How much you pay can be higher or lower than the average in Wayne based on a few factors, such as the brand of solar panels you choose and the solar company you hire.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Wayne can save about $15,000 on their power bills over 20 years.
To get a free estimate from a highly rated solar installation company in Wayne, you can click the button below.
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
Putting up solar panels yourself can be a dangerous project, which is why using a solar installation company is a good option for many homeowners. Plus, if you’re not certain what brand of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
If you’d like to start using solar energy but still aren’t sure which solar panel company to go with, here are our recommendations for providers in Wayne:
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 Wayne
Factors that Affect Solar Panel Costs in Wayne
Even though the average cost of a solar system in Wayne is $24,240, your final cost may differ. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar energy system in Wayne, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by around $3,580 for each additional kilowatt you need.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Wayne, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that has the products, warranties and services you’re looking for and also fit into your budget.
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
There are a large number of companies to choose from in Wayne, 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:
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- 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 what the project timeline is.
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 Wayne, NE Solar Cost FAQs
How much does it cost to install solar panels in Wayne?
This is a difficult 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 cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Wayne have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future energy 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?
To figure out how many solar panels you need, you should find out how much energy your home needs 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 house 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.