Solar Panel Cost Guide in Las Vegas, NM (Mar 2023)
- Las Vegas Solar Installation Cost: $10,468
- 25-Year Savings: $30,730
- Payback Period: 6.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Las Vegas
Find out what the average cost of installing solar panels is in Las Vegas.
The average cost of a solar system in Las Vegas is 2.68 per watt. Using this figure, a typical 5.6-kW system would cost about $10,468 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of solar system you want, your solar contractor and more. Many homeowners find going solar is a fruitful investment. The average homeowner in Las Vegas can save about $28,000 on their electricity bills over 20 years.
To receive a free quote from a pre-vetted solar installer in Las Vegas, you can click the button below.
Solar savings over time in Las Vegas
| Year | Return on Investment |
|---|---|
| 1 years | $-8,820 |
| 3 years | $-5,524 |
| 5 years | $-2,228 |
| 7 years | $1,067 |
| 9 years | $4,363 |
| 11 years | $7,659 |
| 13 years | $10,955 |
| 15 years | $14,251 |
| 17 years | $17,547 |
| 19 years | $20,843 |
| 21 years | $24,138 |
| 23 years | $27,434 |
| 25 years | $30,730 |
Top Solar Installers in Las Vegas
Trying to put up solar panels yourself can be a stressful task, which is why using a solar installation company is a good option for many homeowners. The expertise that solar installers provide can be valuable as well, especially if you don't quite know what type of solar equipment would be right for your home.
Working with a licensed 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Las Vegas
Factors that Affect Solar Panel Costs in Las Vegas
For many Las Vegas homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Las Vegas, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,680 per kilowatt in Las Vegas. There are many different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Las Vegas homeowners choose to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also adds to your total costs, so it's crucial to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies operating in Las Vegas, and each can charge different amounts for labor and equipment. Additionally, some companies in Las Vegas know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $2.79 | $11,706 | $32,567 | 6.6 years |
| 8 kW | $2.73 | $15,308 | $43,723 | 6.5 years |
| 10 kW | $2.68 | $18,760 | $55,029 | 6.4 years |
| 12 kW | $2.63 | $22,062 | $66,485 | 6.2 years |
| 14 kW | $2.57 | $25,213 | $78,091 | 6.1 years |
| 16 kW | $2.52 | $28,215 | $89,847 | 6.0 years |
| 18 kW | $2.47 | $31,067 | $101,754 | 5.8 years |
| 20 kW | $2.41 | $33,768 | $113,810 | 5.7 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Las Vegas, NM Solar Cost FAQs
How much does it cost to install solar panels in Las Vegas?
The average cost of solar panels in Las Vegas is about $13,400 for a 5-kW system and $26,800 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.
Is it better to lease or buy solar panels in Las Vegas?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Can you sell solar power back to the grid in Las Vegas?
The majority of states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Las Vegas?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.