Solar Panel Cost Guide in Enterprise, NV (2023 Update)
- Enterprise Solar Installation Cost: $10,196
- 25-Year Savings: $25,296
- Payback Period: 7.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Enterprise
Find out what the average cost of solar panel installation is in Enterprise.
While the national average of solar panels is $2.66 per watt, solar panels in Enterprise typically cost about 2.52. To account for the typical energy needs of the average home in Enterprise, most homeowners require a 5.8-kilowatt system. Using the figure above, a solar installation costs around $10,196, or $14,580 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more. Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Enterprise can save about $23,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Enterprise for a quote for your home.
Solar savings over time in Enterprise
| Year | Return on Investment |
|---|---|
| 1 years | $-8,776 |
| 3 years | $-5,937 |
| 5 years | $-3,098 |
| 7 years | $-258 |
| 9 years | $2,581 |
| 11 years | $5,420 |
| 13 years | $8,260 |
| 15 years | $11,099 |
| 17 years | $13,938 |
| 19 years | $16,778 |
| 21 years | $19,617 |
| 23 years | $22,456 |
| 25 years | $25,296 |
Top Solar Installers in Enterprise
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 your swap to solar power much easier. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be right for you.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Enterprise
Factors that Affect Solar Panel Costs in Enterprise
While the average cost of a solar system in Enterprise is $10,196, your final cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,520. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Enterprise average.
Solar Financing Terms
Most solar companies in Enterprise have solar loans, which reduce the initial cost of installing a solar system. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar panel installer you choose will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that has the products, warranties and services you're looking for and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.62 | $11,007 | $25,833 | 7.5 years |
| 8 kW | $2.57 | $14,394 | $34,727 | 7.3 years |
| 10 kW | $2.52 | $17,640 | $43,761 | 7.2 years |
| 12 kW | $2.47 | $20,745 | $52,937 | 7.0 years |
| 14 kW | $2.42 | $23,708 | $62,254 | 6.9 years |
| 16 kW | $2.37 | $26,531 | $71,711 | 6.8 years |
| 18 kW | $2.32 | $29,212 | $81,310 | 6.6 years |
| 20 kW | $2.27 | $31,752 | $91,051 | 6.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose considerably influences your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
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 Enterprise, NV Solar Cost FAQs
What is the average cost of installing solar panels in Enterprise?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $12,600 for a 5-kW system and $25,200 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Enterprise?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The downside 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 tax rebates and credits 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 solar panels significantly reduce my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Enterprise, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Enterprise?
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 larger 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.