Cost of Solar Panels in Nevada: Local Solar Installation Prices (2022)

Here’s a quick look at the estimated cost of solar in Nevada:

  • Average Cost Per Watt: $2.52
  • Cost of Average System: $18,648*
  • Cost of Energy Without Solar: $43,519
  • Payback Period: 13 Years**
  • Lifetime Savings of Going Solar: $18,319

*Average system size is calculated using data from the Energy Information Administration. This price is after tax credit.
**Payback period is calculated assuming the system is purchased in cash.

Ecowatch Author Karsten Neumeister

By Karsten Neumeister, Solar Expert

Updated 5/19/2022

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Find Cost Savings on Solar in Nevada

As a homeowner in Nevada, you may be wondering: How much do solar panels cost in your area? In this article, we’ll discuss the average cost of a solar installation, how much that can save you on energy for your home and what incentives are available in your region. If you want to jump straight to getting a quote for an installation, you can follow the links below to speak with a verified professional.

Jump to Section:

  1. Cost of Solar Panels in Nevada
  2. Solar Panel System Installation Cost in Nevada
  3. What Determines the Cost of Solar Panels in Nevada
  4. Nevada Solar Incentives
  5. Best Solar Panel Brands and Installed Solar System Costs in 2022
  6. FAQ: Solar Panel Cost Nevada

 

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Cost of Solar Panels in Nevada

According to market research and data from top solar brands, installing solar energy projects in Nevada is cheaper than the average solar panel installation cost in America. The average cost of solar panels in Nevada is $2.52 per watt, which is 14 cents cheaper than the national average of $2.66 per watt. That may not seem like much, but when you’re paying for a multi-kilowatt system, every cent makes a difference. Especially in Nevada where energy needs are high and you’ll need a larger solar system in order to offset the majority of your electricity use.

The average size for a solar system in Nevada is 10 kilowatts (kW), which will cost you about $25,200 or $18,648 after applying the federal solar tax credit (also called the Solar Investment Tax Credit or ITC). 

With Nevada’s ample sunshine, the little risk for severe weather and lower cost of solar panels, it’s no surprise that Nevada is one of the top states leading the way for solar energy. According to the Solar Energy Industries Association (SEIA), Nevada currently ranks 6th in the nation for solar installations.

While the majority of the state has relatively low energy consumption, populous areas like Clark County — home to Las Vegas — consume a ton of electricity, which has a lot of Nevada residents realizing it’s well worth going solar in the Silver State.1 For what it’s worth, it’s also rich in other clean energy sources, like the Hoover Dam and wind farms.2 

Solar Panel System Installation Cost in Nevada

Because the cost of solar panels is per-watt, the size of your solar system will play the greatest role in affecting the cost of your solar panel installation in Nevada. Based on market research and internal data, we’ve estimated that the average solar panel installation in Nevada will cost you between $17,600 and $32,760 before applying any tax incentives or solar rebates.

The table below shows the average prices for the different solar panel system sizes in Nevada before and after the federal tax credit:

Size of Solar Panel System Nevada Solar Panel Cost Cost After Federal Tax Credit
7 kW $17,640 $13,054
8 kW $20,160 $14,918
9 kW $22,680 $16,783
10 kW $25,200 $18,648
11 kW $27,720 $20,513
12 kW $30,240 $22,378
13 kW $32,760 $24,242

Looking for the best solar companies in Nevada? We’ve vetted all of the solar installers serving the Silver State to find the most reputable and affordable companies. Click the button below to learn more or fill out the form on this page to start receiving solar quotes from these companies.

What Determines the Cost of Solar Panels in Nevada?

The upfront cost of a home solar panel system is expensive. While you’ll see savings in the long run with lower electric bills, we know that it’s a big investment that not everyone can afford. However, there are some factors other than system size that determine the cost of solar panels in Nevada. By customizing some of these factors, you may be able to save on your solar energy system.

Solar Equipment

As explained in the chart above, the size of your solar project will play the biggest role in determining the cost of your installation in Nevada. You can get an idea of how many solar panels you’ll need based on your energy usage, available roof space and the amount of sunlight your roof receives.

But it’s not just the size, but the type of solar panels you install that will alter the price. Like anything else, you pay for the brand name when it comes to solar panels. For example, LONGi is a cheap solar panel brand, so you may save upfront cost by choosing to use their panels. On the other hand, choosing a major solar brand like SunPower may cost more, but they also offer the most efficient solar panels on the market, so you’ll save in the long run with lower utility bills.

And remember that it’s not just the solar panels, but inverters and add-on equipment like solar batteries for energy storage that can drive up installation costs. Most companies will offer a variety of brands for solar batteries — like the Tesla Powerwall or Generac PWRcell — that come with different price tags.

Solar Financing

Like with most big purchases, you’re presented with different financing options for solar that will alter the total cost of your solar electric system. Obviously if you take on a solar loan with a high-interest rate, you’ll end up paying more for your solar panel installation over time. On the other hand, if you pay more, or all, of the cost of solar panel installation upfront, you’ll owe less. We know it’s a big investment, but it’s best to pay for as much as you can upfront to maximize your solar savings. Some companies may advertise “free solar panels,” but what they’re really offering are solar leases or power purchase agreements (PPAs). We don’t recommend leasing your solar panels because you won’t be able to capitalize on all of the benefits of going solar if you don’t own your panels.

Solar Installation Company

The last determining factor of the cost of solar panels is which solar installation company you choose for your residential solar system. Anyone looking to install solar panels in Nevada should shop around and get free quotes from different solar installers to see which offers the best value for your needs. There are more than 35 solar installers in Nevada, so you’ll have plenty to choose from.3 Click here to see our picks for the best solar companies in Nevada.

Nevada Solar Incentives

Nevada is a great state for solar energy because the cost of solar is low and sunshine is abundant. For that reason, the state doesn’t offer a ton of solar incentives or rebate programs. However, the state is trying to incentivize residents to add solar energy storage to their home solar systems. 

We’ve outlined all of the Nevada solar incentives available to homeowners in the chart below.

Nevada Net Metering Programs Nevada has a great net metering system, but it’s tiered and set to decrease over time.4 The state is currently in Tier 4, which means utility companies will give customers energy credits for 75% of the retail electricity rate for the excess power they provide to the electric grid.5
Nevada Energy Storage Incentive Program NV Energy is offering incentives for solar customers who are interested in installing solar batteries. Customers on a time-of-use (TOU) rate can receive $0.19 per watt-hour, while other customers receive $0.095 per watt-hour.5 The incentive payment is capped at $3,000 for TOU customers is capped at $3,000 and for non TOU it’s capped at $1,500 or 50% of the equipment cost (whichever is less).6
Renewable Energy Systems Property Tax Exemption All commercial and industrial-scale renewable energy systems in Nevada, including solar, are exempt from property taxes.7 This exemption does not apply to residential installations.
Federal Solar Tax Credit The Solar Investment Tax Credit (ITC) allows solar adopters to claim 26% of their total solar equipment and installation costs as a tax credit on their next federal filing. The 26% credit is in effect for any solar project purchased in 2022, however, the tax credit is set to decrease to 22% in 2023 and disappear completely in 2024 if it’s not extended by the federal government.

Best Solar Panel Brands and Installed Solar System Costs in 2022

As discussed earlier, the brand of solar panel you choose will change the cost, whether you’re installing a DIY solar system or having one of the top solar companies handle the job. Below are our picks of the best solar panels on the market.

Solar Panel Brand Average Cost Per Watt ($-$$$$$)
LG Solar $$$
Canadian Solar $$
JA Solar $$
Mission Solar $$
Panasonic $$
Q Cells $$
REC $$$
Silfab $$$
SunPower $$$$$
Tesla $$
Trina Solar $$$

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EcoWatch FAQ: Solar Panel Cost Nevada

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Karsten Neumeister

Solar Expert

Karsten Neumeister is a solar energy specialist with a background in writing and the humanities. Before joining EcoWatch, Karsten worked in the renewable energy sector of New Orleans, focusing on solar energy policy and technology. A lover of music and the outdoors, Karsten might be found rock climbing, canoeing or writing songs when away from the workplace.