Solar Panel Cost Guide in Las Vegas, NM (2024 Update)

  • Las Vegas Solar Installation Cost: $15,359
  • 25-Year Savings: $30,724
  • Payback Period: 9.3 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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Average Cost of Solar Panels in Las Vegas

Find out what the average cost of solar panels are in Las Vegas.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Las Vegas, the average cost of solar panels is 4 per watt.To account for the typical energy needs of the average home in Las Vegas, most homeowners require a 5.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,359, or $21,963 before the federal solar tax credit of 0 is applied.

How much you pay can be higher or lower than the average in Las Vegas depending on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.Even with the significant initial cost, the average Las Vegas homeowner can save around $28,000 on their power bills over 20 years, which is one of the benefits of solar.

Click the button below to get connected to a highly rated solar installer in Las Vegas for a custom estimate.

Solar savings over time in Las Vegas

Year Return on Investment
1 years $-14,271
3 years $-12,094
5 years $-9,916
7 years $-7,739
9 years $-5,562
11 years $-3,385
13 years $-1,207
15 years $970
17 years $3,147
19 years $5,324
21 years $7,501
23 years $9,679
25 years $11,856

Top Solar Installers in Las Vegas

Although you can install solar panels by yourself, it takes extra effort and expertise. That's why most people choose a solar panel installer. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.

If you’d like to start using solar energy but still aren’t certain which solar system installer to go with, here are our suggestions for providers in Las Vegas:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Las Vegas

Factors that Affect Solar Panel Costs in Las Vegas

Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Las Vegas: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.

Solar Equipment

The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,930. The type of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond 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’s in your budget.

Solar Financing Terms

If paying for a solar system in cash is out of reach, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar panel installer you select will affect your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $4.09 $17,166 $27,107 9.7 years
8 kW $4.01 $22,448 $36,583 9.5 years
10 kW $3.93 $27,510 $46,279 9.3 years
12 kW $3.85 $32,352 $56,195 9.1 years
14 kW $3.77 $36,973 $66,331 8.9 years
16 kW $3.69 $41,375 $76,687 8.8 years
18 kW $3.62 $45,557 $87,264 8.6 years
20 kW $3.54 $49,518 $98,060 8.4 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:

  • Solar Panel Brands: The brand of solar panel you’d like to get plays a part in which installer you should opt for, since different companies offer different panels.
  • Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
  • Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Las Vegas, NM Solar Cost FAQs

How much does it cost to install solar panels in Las Vegas?

This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $19,650 for a 5-kW system and $39,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

Are solar panels free in Las Vegas?

You can’t get solar panels for free in Las Vegas. However, you may still be able to install 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.

Do solar panels increase your property value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Las Vegas is currently $185,279, so you could be looking at a value of about $7,596 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Las Vegas is a fruitful investment.

What solar power system size is right for my home?

To figure out what solar panel system size you need, you need to know how much energy your home requires 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 household 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.

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