Solar Panel Cost Guide in Fernley, NV (Nov 2022)

  • Fernley Solar Installation Cost: $10,743
  • 25-Year Savings: $19,251
  • Payback Period: 9.0 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Fernley

We go over average solar pricing in Fernley.

Although the national average of solar panels is $2.66 per watt, solar panels in Fernley generally cost about $3. The average solar panel system size in Fernley is around 6.1 kilowatts, meaning a cost of about $10,743 for a solar installation, or $7,950 after the 30% federal solar tax credit is applied.

The true price you pay can go above or below the average in Fernley depending on several factors, such as the model of solar panels you choose and the solar installer you hire. But, once you've paid the initial cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $19,000 over 20 years on power bills.

To get a free quote from a top solar installer in Fernley, you can click the button below.

Solar savings over time in Fernley

Year Return on Investment
1 years $-9,543
3 years $-7,144
5 years $-4,744
7 years $-2,345
9 years $55
11 years $2,454
13 years $4,854
15 years $7,253
17 years $9,653
19 years $12,052
21 years $14,452
23 years $16,851
25 years $19,251

Top Solar Installers in Fernley

Many homeowners opt for a solar installation company since trying to install solar panels by yourself can be challenging. Companies can also provide access to quality options of the best solar panels and help you decide which one will be right for you.

There are a number of licensed solar professionals that can install solar panels for you. 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 (coming 2022)

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 Fernley

Factors that Affect Solar Panel Costs in Fernley

Although the average cost of solar panels in Fernley is $10,743, your actual cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.

Solar Equipment

The size of the solar energy system you need for your home is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,520. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Fernley, 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

If paying for solar panels out of pocket is difficult, solar loans are a popular route because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. 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 back the loan.

Solar Panel Installation Company

A final consideration when trying to figure out the cost of solar for your home or business in Fernley is the company you get to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services for different budgets. The company's size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down 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 $2.62 $11,007 $18,528 9.3 years
8 kW $2.57 $14,394 $24,986 9.1 years
10 kW $2.52 $17,640 $31,586 9.0 years
12 kW $2.47 $20,745 $38,326 8.8 years
14 kW $2.42 $23,708 $45,208 8.6 years
16 kW $2.37 $26,531 $52,231 8.4 years
18 kW $2.32 $29,212 $59,395 8.2 years
20 kW $2.27 $31,752 $66,700 8.1 years

How to Save on Solar Panels

There are a lot of companies available in Fernley, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:

  • Solar Panel Brands: The brand of solar panel you'd like plays a part in which installer you should choose, since different companies provide different panels.
  • Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
  • Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
  • Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.

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 (coming 2022)

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 Fernley, NV Solar Cost FAQs

What is the average cost of installing solar panels in Fernley?

This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $12,600 for a 5-kW system and $25,200 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.

Can you get solar panels for free in Fernley?

A solar panel system isn't free in Fernley, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

How much can I save on power bills after switching to solar?

It is possible to erase your electricity bills with solar panels, but for most homeowners in Fernley, 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 check with a local solar installer to see how many panels can fit on your roof.

How many solar panels do I need to power my home?

To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.

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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