Solar Panel Cost Guide in Cold Springs, NV (2025 Update)
- Cold Springs Solar Installation Cost: $13,491
- 25-Year Savings: $29,459
- Payback Period: 8.3 Years
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Average Cost of Solar Panels in Cold Springs
We go over average solar pricing in Cold Springs.
While the national average of solar panels is $2.66 per watt, solar panels in Cold Springs generally cost about 3.Using this figure, a typical 6.3-kW system would cost about $13,491 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want, your solar contractor and more.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Cold Springs see about $25,000 in savings on utility bills over 20 years.
Click the button below to get connected to a highly rated solar installer in Cold Springs for a custom quote.
Solar savings over time in Cold Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-12,319 |
| 3 years | $-9,977 |
| 5 years | $-7,634 |
| 7 years | $-5,291 |
| 9 years | $-2,949 |
| 11 years | $-606 |
| 13 years | $1,737 |
| 15 years | $4,080 |
| 17 years | $6,422 |
| 19 years | $8,765 |
| 21 years | $11,108 |
| 23 years | $13,450 |
| 25 years | $15,793 |
Top Solar Installers in Cold Springs
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with a solar panel installer can make converting to solar power much easier. The payback period of solar panels will vary depending on factors like your roof configuration and energy needs, but going with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Cold Springs
Factors that Affect Solar Panel Costs in Cold Springs
While the average cost of a solar system in Cold Springs is $13,491, your final cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Cold Springs, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Cold Springs offer solar loans, which reduce the initial cost of installing a solar system.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Cold Springs is the company you hire to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services at different costs.Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.20 | $13,453 | $25,378 | 8.7 years |
| 8 kW | $3.14 | $17,593 | $34,182 | 8.5 years |
| 10 kW | $3.08 | $21,560 | $43,159 | 8.3 years |
| 12 kW | $3.02 | $25,355 | $52,308 | 8.2 years |
| 14 kW | $2.96 | $28,977 | $61,630 | 8.0 years |
| 16 kW | $2.90 | $32,426 | $71,124 | 7.8 years |
| 18 kW | $2.83 | $35,703 | $80,791 | 7.7 years |
| 20 kW | $2.77 | $38,808 | $90,630 | 7.5 years |
How to Save on Solar Panels
There are numerous companies available in Cold Springs, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
- Installation Process: When making the switch to solar, it’s important to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the project timeline.
EcoWatch's Cold Springs, NV Solar Cost FAQs
How much does it cost to install solar panels in Cold Springs?
The average cost of solar panels in Cold Springs is about $15,400 for a 5-kW system and $30,800 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Cold Springs?
You can’t get solar panels for free in Cold Springs. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,294.38 per year.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had 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.