Solar Panel Cost Guide in Enterprise, NV (2024 Update)

  • Enterprise Solar Installation Cost: $12,462
  • 25-Year Savings: $25,295
  • Payback Period: 8.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Enterprise

Find out what the average cost of installing solar panels is in Enterprise.

Although the national average of solar panels is $2.66 per watt, solar panels in Enterprise generally cost about 3.To account for the typical energy usage of the average home in Enterprise, most homeowners require a 5.8-kilowatt system. Using the figure above, a solar installation costs about $12,462, or $17,821 before the federal solar tax credit of 0 is applied.

Bear in mind that the figures above are only estimates based on the average Enterprise homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $23,000 in savings on electricity bills over 20 years.

To see your potential ROI and connect with a local solar company, click the button below.

Solar savings over time in Enterprise

Year Return on Investment
1 years $-11,125
3 years $-8,450
5 years $-5,775
7 years $-3,100
9 years $-425
11 years $2,250
13 years $4,925
15 years $7,600
17 years $10,275
19 years $12,949
21 years $15,624
23 years $18,299
25 years $20,974

Top Solar Installers in Enterprise

When making the switch to solar, many homeowners opt to use a solar installer since installing solar panels yourself can be a difficult project. Another advantage of using a solar installer is that they can help you optimize your investment by reducing your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.

There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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

Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Enterprise: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.

Solar Equipment

When it comes to estimating the cost of a solar panel system in Enterprise, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by about $3,080 for each additional kilowatt you need.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bring your total well above the Enterprise average.

Solar Financing Terms

If paying for solar panels out of pocket is difficult, solar loans are a solid option because they lower your upfront costs and allow you to pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.

Solar Panel Installation Company

The remaining key cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Enterprise, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Some companies only sell high-quality, high-efficiency and high-price 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 offers the products, warranties and services you want and also fits 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 $3.20 $13,453 $23,387 9.1 years
8 kW $3.14 $17,593 $31,528 9.0 years
10 kW $3.08 $21,560 $39,841 8.8 years
12 kW $3.02 $25,355 $48,327 8.6 years
14 kW $2.96 $28,977 $56,985 8.4 years
16 kW $2.90 $32,426 $65,816 8.3 years
18 kW $2.83 $35,703 $74,819 8.1 years
20 kW $2.77 $38,808 $83,995 7.9 years

How to Save on Solar Panels

The solar panel company you opt for will be a major factor in determining 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 several important things you should keep in mind, such as:

  • Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
  • Warranty: If you’re worried about the endurance of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
  • Solar Panel Brands: Different companies will carry different brands and types of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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

How much does it cost to install solar panels in Enterprise?

The average cost of solar panels in Enterprise is about $15,400 for a 5-kW system and $30,800 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider apart from cost when buying solar panels?

Cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.

Do solar panels increase the value of your home?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Enterprise is currently $424,541, which means you can expect a value of about $17,406 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Enterprise is a rewarding investment.

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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.

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