Solar Panel Cost Guide in Fallon, NV (2024 Update)
- Fallon Solar Installation Cost: $13,481
- 25-Year Savings: $18,964
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Fallon
Let’s have a look at the average cost of solar panels in Fallon.
The average cost of a solar system in Fallon is 3 per watt.Using this figure, a typical 6.3-kW system would cost about $13,481 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you may vary based on factors unique to your home and what company you choose to go with.But, once you've paid the initial cost of installation, the payback for most homeowners is typically good, with a net average savings of about $18,000 over 20 years on energy bills.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Fallon
| Year | Return on Investment |
|---|---|
| 1 years | $-12,309 |
| 3 years | $-9,967 |
| 5 years | $-7,624 |
| 7 years | $-5,281 |
| 9 years | $-2,939 |
| 11 years | $-596 |
| 13 years | $1,747 |
| 15 years | $4,090 |
| 17 years | $6,432 |
| 19 years | $8,775 |
| 21 years | $11,118 |
| 23 years | $13,460 |
| 25 years | $15,803 |
Top Solar Installers in Fallon
Trying to put up solar panels yourself can be a challenging project, which is why getting a solar installer is a good option for many homeowners. Companies can also have access to quality options of the best solar panels and help you decide which one will be best for your home.
If you’d like to switch to solar energy but still aren’t sure which solar system installer to go with, here are our suggestions for providers in Fallon:
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 Fallon
Factors that Affect Solar Panel Costs in Fallon
For many Fallon homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Fallon, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Fallon have solar loans, which reduce your upfront costs of installing solar panels.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Fallon is the company you get to install your solar system. Similar to choosing a company to install new cabinets, for example, you’ll have many options for solar installers that provide a range of services at different price points.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $15,328 | 11.7 years |
| 8 kW | $3.14 | $17,593 | $20,782 | 11.5 years |
| 10 kW | $3.08 | $21,560 | $26,409 | 11.2 years |
| 12 kW | $3.02 | $25,355 | $32,208 | 11.0 years |
| 14 kW | $2.96 | $28,977 | $38,180 | 10.8 years |
| 16 kW | $2.90 | $32,426 | $44,324 | 10.6 years |
| 18 kW | $2.83 | $35,703 | $50,641 | 10.3 years |
| 20 kW | $2.77 | $38,808 | $57,130 | 10.1 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: The model of solar panel you need plays a role in which installer you should opt for, since different companies provide different panels.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Fallon, NV Solar Cost FAQs
What is the average cost of installing solar panels in Fallon?
The average cost of solar panels in Fallon 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 certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Fallon?
You can’t get solar panels for free in Fallon. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Does Fallon have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.
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.