Solar Panel Cost Guide in Cold Springs, NV (2024 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.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Cold Springs, the typical cost of solar panels is 3 per watt.The average solar panel system size in Cold Springs is around 6.3 kilowatts, meaning a cost of about $13,491 for a solar installation, or $19,292 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary depending on a few factors, such as what size system you need, your energy consumption and what company you go with.With typical savings of about $25,000 on electricity bills over 20 years, many homeowners in Cold Springs find investing in solar can be quite rewarding.
Click the button below to get connected to a reputable solar panel company in your area for a customized 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
Trying to install solar panels on your own can be a challenging project, which is why using a solar installer is a good option for many homeowners. In addition, if you’d like to maximize your investment in solar power, using a solar installer can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives and net metering programs.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Cold Springs
Factors that Affect Solar Panel Costs in Cold Springs
The cost of installing a solar system in Cold Springs can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,080.The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a 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 limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Cold Springs to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.However, the interest on solar loans also increases your overall costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating in Cold Springs, and each can charge different amounts for labor and equipment.The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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
The solar installer you choose will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a quality company.
- Solar Panel Brands: The type of solar panel you need to install plays a role in which installer you should opt for, since different companies have access to different panels.
- Reputation: Well-established companies 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 adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: When making the switch to solar power, it’s crucial to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project completion timeline.
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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Cold Springs, NV Solar Cost FAQs
How much does it cost to install solar panels in Cold Springs?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $15,400 for a 5-kW system and $30,800 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 higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Cold Springs?
A solar panel system isn’t free in Cold Springs, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on power bills after switching to solar?
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?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.